What to do if your Insurance Company is stitching you up?

pedro123456

Let a member of the All Party Parliamentary Group for Insurance know
http://db.riskwaters.com/data/post/pdf/APPGmembers.pdf


You put in a Insurance Claim.
What information about your health is the Insurance Company allowed to ask for from your GP? Can they ask for Full Medical Records, or do they have to ask for only relevant Information to your claim?

What medical information is your GP allowed to tell them?

These are 2008 Joint ABI (insurance) & BMA (medical) guidelines, they are to be followed by both the Insurance Company for Data Protection, and for the GP


http://www.abi.org.uk/Document_Vault/2008_BMA-ABI_Guidance_FINAL1.pdf


Pease note this In Section 4


The ABI and BMA have developed a standard GPR form, which is available on the ABI and BMA
websites (www.abi.org.uk and www.bma.org.uk) and is widely used.

Only relevant information should be provided and it is ethically unacceptable to provide extraneous
information. Doctors must not send originals, photocopies or printouts of full medical records in lieu
of medical reports and ABI members should not accept them. The full records are not necessary and
will very probably include information that is not relevant to the insurance being applied for. Insurance
companies only need information that is relevant to the policy. Disclosure or other processing of
information that is released without the consent of the applicant or insured person is likely to breach
the Data Protection Act 1998, and may compromise a doctor’s registration.





Financial Ombudsman Service http://www.financial-ombudsman.org.uk/

Consumer helpline ............0845 080 1800.........open 8am to 6pm, Monday to Friday
Calls cost up to 4p a minute for BT customers....They arehappy to phone you back, if you're worried about the cost of calling us
.........................................................................................................................................................................
Financial Services Authority http://www.fsa.gov.uk/

Call our Moneymadeclear helpline – opening hours are 8am to 8pm on Monday to Friday, 10am to 6pm on Saturday, and 11am to 5pm on Sunday....Main number – 0300 500 5000
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This thread is for information updated and refreshed as appropriate



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pedro123456

If you need any confirmation of the low regard in which banks are now held by MPs, just listen to the deafening silence that greeted the Competition Commission's draconian action on payment protection insurance.

In any normal climate, there would have been some sharply-divided views on the blanket ban on the sale of single premium PPI with new loans and the clampdown on point-of-sale promotion of regular premium policies. Now, there is silence.

It is no good the Association of British Insurers bleating that some people who need this cover may now not bother with it.
Its members connived with the banks and building societies to mis-sell the product for years
So that people paid far too much
Often for policies that would not cover them anyway as they might be self-employed or have a pre-existing medical condition.

PPI was, at best, over-sold by the banks. I have sat through meetings between MPs of all parties and the trade unions in the finance sector where the unions complained bitterly that the only way counter staff in banks could meet the targets set for them on the sale of PPI policies was to sell them to people who would never be entitled to make a claim. Insurers must have been as aware of this as the banks, yet they let it go on.

Clearly, the Competition Commission has taken the viewthat banks and insurers – with 20 years of mis-selling products between them – simply cannot be trusted to clean up their own act so they have done it for them. It will cost banks a tidy sum in lost commissions.

This may turn out to be the first of many regulatory clampdowns on financial products as the Government and regulators battle to regain public confidence in their ability to control the institutions that are blamed for the financial and economic crisis that now engulfs us. It is essentially a battle for hearts and minds – and a very political battle as the next General Election is now no more than 15 months away – but it may take us in the direction of an over-regulated industry that finds its scope for innovation gravely restricted as the economy recovers.

The clampdown on PPI is probably necessary and can be easily justified because of the blatant mis-selling that has carried on until very recently. What has to be of concern to everyone in the financial services sector is the apparent lack of friends where it matters.

If no-one in Parliament is prepared to speak up for the sector, then we move all too easily from additional regulation that is necessary and appropriate to sweeping regulatory changes that are driven by a desire to exact an undiscriminating revenge on those blamed by the public for the financial meltdown in the last quarter of 2008. Crude scapegoating, in other words.

This is where those financial institutions that can see beyond the current crisis need to step forward to start the long haul towards restoring consumer confidence.

Admitting the mistakes of the past is a good start but will not get us very far unless it is coupled with a vision of the key role the financial services sector has to play in aiding and encouraging recovery.


Where are those voices?

David Worsfold is secretary to the All Party Financial Services and Insurance Committee



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somewhatnew

thats right pedro... if you keep posting to yourself then the thread will stay at the top of the board.

:T


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OshayAway

popular thread!

rudekid48

What happened to the other thread? Anyone know why it was deleted?

rudekid48

pedro123456 wrote: »

yep I do

What happened? This isn't a trick question or a set up, been away for a couple of days, so am just curious.

rudekid48

I take it that things got a bit erm "feisty"?

somewhatnew

i dont believe pedro got the thread removed for a second. i expect the moderators removed the silly thread after i suspect several people, including myself, complained about it.

did you notice the way pedro took 2 attempts to answer your question?? it lets him keep spamming and keeping his thread at the top of the page in an attempt to make it look popular

pedro123456

never said I had it removed I said I asked for it to be reviewed.
The thread had served its purpose though it had to end before my next phase, or do you think its somewhatstupid thing to do, :rolleyes:


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cogito

Zzzzzzzzzzzzzzzzz....................

pedro123456

Regulators must not take one size fits all approach, says ABI
Wednesday 3rd June 2009: 11:14

Regulators and governments must not harm other industries, such as insurance, as they deal with the banking crisis, warns the Association of British Insurers today.:rotfl:


In its new report Restoring Market Confidence :T, which is published ahead of its biennial conference on 9 June, the ABI says that any changes should tackle the problems that arose in the banking sector, not apply a ‘one size fits all’ set of remedies to the rest of the financial services sector.

The ABI report also argues that regulation must not inhibit the ability of firms to offer competitive products for consumers, :rotfl: or add unnecessary costs to businesses.
It comes ahead of the deadline for consultations to the Turner Review on June 15, and in the midst of an ambitious regulatory programme covering UK, EU and international initiatives.:T :T :T

The ABI said areas of concerns to insurers include “lack of recognition for the advance, sophisticated prudential regulation of UK insurers” :rotfl: and modern risk assessment developments under Solvency II.

It added that remuneration structures designed for bank dealing rooms can be applied to other parts of the financial services sector where business conditions and risk horizons are wholly different and said there are concerns over the cross-subsidy element of the Financial Services Compensation Scheme, which has been used to compensate for banking failures and is paid for by other financial services such as insurers.:rolleyes:

Stephen Haddrill, the ABI’s director general, said: “Insurance is not banking and should not be regulated in the same way .:rotfl: :rotfl:

We need targeted sector-specific changes, and not a lazy adoption of banking rules to other parts of the financial services sector. If this happens, UK-based insurance companies will suffer the damage to profitability,:rotfl: prosperity :rotfl:and innovation :rotfl:for a generation. As a global leader and major UK


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