Regulating Claims Management Companies
The process of driving Claims Management Companies that fail to adhere to the rules regulating their activities out of business seems to be having some success. The Government announced in February...
View ArticleNew financial penalties for claims management companies
At the end of December 2014, the Government introduced a new scheme for the imposition of financial penalties on claims management companies (CMC) that fail to adhere to the regulations that control...
View ArticleLegal Ombudsman – complaints about Claims Management Companies
After some delay, the Legal Ombudsman acquired jurisdiction to deal with complaints against Claims Management Companies in January 2015. On 5 November 2015, Simon Tunnicliffe, the Legal Ombudsman’s...
View ArticleRegulation of Claims Management Companies
One of the documents published with papers relating to the March 2016 Budget statement was a report of an independent review of Claims Management Companies (CMCs). Unusually, CMCs are regulated by a...
View ArticleCompensation culture: cutting down ‘whiplash’ claims
Those who argue that a compensation culture has developed in our society – with too many people willing to seek compensation for things that have happened to them – often point to the numbers of claims...
View ArticleRegulation of Claims Management Companies: The Financial Guidance and Claims...
In March 2016, the Government announced that it planned to change the ways in which the regulation of Claims Management Companies is organised. At present, this work is undertaken by a special unit...
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