UK compensation culture the biggest "threat" to insurance industry - papers 3rd February

According to the Daily Telegraph, he will also accuse the industry for "suicidal behaviour", saying "the way the industry behaves in 2004 could decide whether it really has a future at all". Levene will warn: "It is my firm conviction that 2004 will be the real test, not just for Lloyd's but for the entire insurance industry." This comes as the industry "is still paying dearly for mistakes of the past", he will add. SLIGHTY LESSENING the pressure on the industry, the Treasury has announced that it will raise the 1% price cap on its new Child Trust Fund (CTF), opting instead for a 1.5%...