ATTIC wants delay Insurance Bill

In a statement, ATTIC said it was pleased the debate was taking place, but said although it was involved in the bill’s development, “The current economic climate has however exposed some weaknesses in the original Bill as drafted and the opportunity should be taken to make the appropriate amendments.” ATTIC recommended the bill should be sent to a joint select committee with a deadline of no more than three months to report back to Parliament. The association said it “fully supports the expeditious passage of the bill and regulations, which in our opinion will protect the interests of policyholders, strengthen corporate governance, raise the standards of professionalism within the industry, and improve accountability