TPI Service charge index - I took a read of this and was really none the wiser! What is the point in comparing data the regions and the capital and then averaging them? All it gives you is statistical data and not really an insight. Further expenditure across 105 estates have been avaeraged to say; the average man fee in 2024 is £35,020, but what size is the block? What we could have heard is; this is the cost in X location for; large complex, medium high end, small and none complex. The data just makes the position more confusing and suggests to leaseholders that costs are rising well above inflation, but really due to insurance and utilities which have been driven by wholesale prices. I am hugely supportive of ARMA/TPI but this looks like an own goal ! #TPI
Tony Hymers’ Post
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BCAR Q1 2024 Technical Specification Update (2024-01-31) Since the last posted version of the BCAR Technical Specifications dated December 11, 2023 - three sets of changes to Conventional Rules have been made. No revisions to the Dimensional Rules, which primarily validate the detailed Credit Risk exposures (both Standardized and IRB), were published. It has been over a year since a complete set of Dimensional Rules have been available to provide guidance and to test submissions.
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📢CPD Online - June 26, 2024📢 Underwriting Motor Trade Insurance Francis Valletta, ACII, Chartered Insurer, will lead this session, assessing the motor insurance needs of motor traders, the types of policies available and the underwriting and claims handling of motor trade risks. Apply 👉 https://lnkd.in/dxN7Ahi2 #cpd #mitc #motorinsurance
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The ECTA RC KPI Forms for 2023 got revised. Read about the new requested information and the updates now! https://lnkd.in/d4GtUPv2
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Asia-Pacific January 1 renewals saw risk-adjusted movements on loss-free programs ranging from flat to +5%, said Gallagher Re in its 1st View report. The Asian renewals trends chime with the global market, which returned to a more stable and predictable renewal at 1.1, driven by a healthier property reinsurance market. While excess of loss placements have been orderly with oversubscription on some in Malaysia, in China, harder market conditions were maintained on all excess of loss treaties, although with significantly smaller overall price increases than last year. Capacity returned to Australia and New Zealand markets, but there was discipline from reinsurers on how this was deployed in line with a continued narrative on maintaining “adequate” technical premium. For more details on APAC pricing adjustments click here https://lnkd.in/gBZs9EaA #renewals #aviation #reinsurance #Asia #Pacific For daily market updates, sign up for our free newsletter: https://lnkd.in/gGKxEQk4
APAC 1.1 renewals see ‘flat to 5%’ hikes on loss-free programs: Gallagher Re
https://insuranceasianews.com
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To assist the market in implementing the changes outlined in Lloyd’s Market Bulletin Y5401, we have published two new endorsements: LMA9200 (Lloyd's Claims Lead Arrangements Endorsement) and LMA9201 (Basis of Claims Agreement and Claims Agreement Parties Endorsement). Download the endorsements: https://lnkd.in/eu8n7Ejf #claims #agreements #endorsements
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Once the final phase of #CARM is implemented each importer will have to secure their own bond. Check out this video to learn more about the requirements:
Unsure about CARM's surety bond requirements?
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The transportation industry is witnessing a significant change with the FMCSA's new rule, set to take effect on January 16, 2024. This move targets enhancing financial security and operational integrity among freight brokers and forwarders. Key Highlights: ✔ Stricter Financial Security: The rule demands more stringent financial security measures to protect truckers from non-payment issues. ✔ Operational Authority Suspension: Brokers and forwarders face immediate suspension if financial securities dip below the set threshold. ✔ Enhanced Monitoring: The FMCSA strengthens its oversight on financial responsibilities, ensuring brokers and forwarders maintain robust financial health. This development is a positive step towards ensuring fair and responsible practices in our industry, safeguarding the interests of carriers and reinforcing trust in broker-client relationships. #Transportation #Logistics #FreightBrokerage #FMCSA #RegulatoryUpdate https://lnkd.in/eXBVUKpV
FMCSA issues major new rule to crack down on unscrupulous freight brokers
https://cdllife.com
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⚖️FMCSA approves 25% fee increase for carriers, brokers First upward adjustment in Unified Carrier Registration Plan since 2010 Federal regulators have approved a 25% increase in fees collected by states from motor carriers, brokers and leasing companies that are used to pay for state highway safety programs. The fee increase in the Unified Carrier Registration (UCR) Plan for the 2025 registration year, announced on Friday by the Federal Motor Carrier Safety Administration, amounts to approximately $9 to $9,000 more per year that carriers will pay, depending on the size of their fleet (see table). The fee per entity for a broker or leasing company is $46.
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Payment Specialist, digital, cashless and cash. Options open to all, from your trusted partner. FareGo with the unique expertise
if you have purchased any new Crane Payment Innovations (CPI) products recently and they have gone faulty or failed early, Odyssey Technologies an approved service centre for CPI, can evaluate and if covered under warranty, we will make the claim on your behalf. We want you to get the best reliability out of CPI products, but occassionly things do not always meet the high quality expecations. We can then handle the warranty returns on your behalf. There is no need to pay for early life failures. Please reach out if you have products so we can undersrand your warranty term and support you when necessary. After the warranty period has expired, we will contiune to support and service and repair your products. #CPI #Authorisedservicecentre #warrantyreturns #service&repair #coinaccepors #coinhoppers #coinrecyclers #Banknoteacceptors #Banknoterecyclers #valueadd #supplychain #shawnholdaway
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The data source underlying the Lloyd's Insights Hub Underwriting Development Triangles (UDT) is changing due to revisions to the market's reserving data collection. While the UDT will continue to be presented in a broadly similar format and with enhanced data quality, a value change is expected. In light of the necessary redevelopment of the Underwriting Development Triangles (UDT) due to data changes and the inclusion of new information in the Reserving Return Quarterly (RRQ), such as syndicate reserving class and its corresponding Lloyd's line of business, this is an opportune moment to enhance the UDT. Any suggestions you may have for UDT improvements are welcomed. Please provide feedback to Rose Pyke for suggestions to be collated and discussed with the appropriate working group. Read the full bulletin: https://lnkd.in/gP32qCvr. #LMA #LloydsUDT #Underwriting
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