Code of conduct for brokers: a bumpy code ahead?
We look at the proposed introduction of a code of conduct for brokers and what it will really mean for the brokers’ market.
Brokers’ duties have come into sharp focus over the last few years. That focus has caused the British Insurance Brokers’ Institute (BIBA) to consider the introduction of a new code of conduct for its members. While the proposal is still at an early stage, it has already sparked considerable debate within the insurance sector. So how likely is it that the proposal will come into force and, if it does, what will this mean for brokers?
In May 2012, BIBA, which represents the interests of insurance brokers, intermediaries and customers, selected Deloitte to undertake an independent review of its operations. The decision to carry out the review was taken following BIBA’s merger with the Institute of Insurance Brokers and a full membership survey…
If you are registered and logged in to the site, click on the link below to read the rest of the Mills & Reeve briefing. If not, please register or sign in with your details below.
News from Mills & Reeve
News from The Lawyer
Briefings from Mills & Reeve
The Court of Appeal has handed down its decision in Mitchell v News Group, resolving recent uncertainty about the implementation of Jackson reforms — at least for the time being.
There is an implied term allowing a paying responding party under an adjudication award six years from the date of payment to challenge the adjudicator’s decision.
Analysis from The Lawyer
The trend for unbundling legal work is advancing through the law firm ranks but there is still resistance in some quarters - namely in-house. We asked why