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Recent News
Increased F.O.S. Compensation Limits
The F.C.A. has confirmed that the maximum compensation that can be awarded by the F.O.S. will increase from £150,000 to £350,00 for complaints made after 1 April 2019, and for complaints made after that date, but for incidents arising prior to 1 April 2019, the limit will increase to £160,000. From that date SMEs with fewer than 50 employees and an annual turnover of under £8.5 million may also lodge complaints with the F.O.S.
Negotiation at ILAA (Independent Loss Adjusters Association)
 

Independent Loss Adjusters Association

What is ILAA?

An association of professional practices engaged in the negotiation and settlement of insurance and other claims on behalf of Insurers, Lloyd’s Underwriters, Insurance Brokers and others, including commercial and private policyholders.

 

Ethical Standards

All members undertake to deal with claims in a professional and ethical manner, have no financial interest in any party involved in the settlement of a claim and, other than a fair fee from their clients, do not accept commissions, benefits, or inducements from any other party that may call into question the independence and objectivity of the advice given to the client.

 

Claims Review Service

Members of the Association offer a Claims Review Service to Insurers, Reinsurers, Policyholders, Brokers and other intermediaries, in order to resolve disputed or problem insurance claims. Further Details

 
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