INSURANCE NEWS
Keeping you up-to-date of the latest news and events to effect the insurance industry this page is updated on a regular basis as we aim to bring you notice and advice on industry trends and developments.
Feb
22
China could open door to foreign motor insurers - Rates could be uncompetitive if state fixes premiums
Feb
3
Study finds London is home burglary capital - Stoke Newington residents report 34 theft claims per 1,000 policies
Feb
3
Brit cricket sponsorship in doubt after marketing team is axed - Brit enters into 30-day consultation over six-strong marketing team
Jan
30
Government under fire after watchdog's damning flood verdict - Public accounts committee ‘sceptical’ about Government’s flood defence funding which leaves 5 million homes at risk
Jan
27
Fraud hits record level in 2011 - Fraud rises 9% in 2011 compared to 2010 but false insurance claims fallThe UK’s economic problems have contributed to record levels of fraud, according to the UK’s Fraud Prevention Service.
Jan
26
Ministers given five year deadline to fix flood funding - Annual losses projected to rise to £12bn per annum unless action is taken, warns report
Jan
23
Costa Concordia disaster 'to cost Hannover Re €30m' - Still too early to assess the extent of liability claims, says reinsurer
Jan
18
Anti-fraud police unit makes further arrests - IFED makes its first criminal charges
Jan
17
Costa Concordia ‘biggest ever marine loss’ - Espirito Santo analyst puts loss at up to £653m
Jan
7
Lawyers hit back at PM over health and safety - But Aviva backs moves to ease compensation culture
Jan
4
Watchdog blasts Direct Line over 'misleading' ad - Insurer breached code over guarantee to beat any quote
Dec
23
Total UK GI premiums up 5% to £46.4bn - London Market premium income up 2% in 2010
Dec
20
ABI launches flood broadside at ministers - Director-general condemns government’s “frustrating” flood risk policies
Dec
19
Speed up riot claims payments, MPs urge - Home Affairs report backs extending deadline for submitting claims
Dec
16
Groupama downgraded to one above junk - Standard & Poor’s downgrades Groupama to BBB- from BBB
Dec
8
Gary Lineker ploughs own money into telematics - Ingenie looking for other insurers to join Ageas on panel
Dec
7
Man jailed after surveillance caught him working out at the gym despite trying to claim £2.3m insurance payout
Dec
6
Motor insurers could break even in 2011 - E&Y predicts 20-point combined ratio decrease
Nov
30
Average uninsured driving fine is just £200 - AA blasts low level of fixed penalties
Nov
29
FSA raps RBSI over unclear pet policies - Insurer forced to clarify claims wording
Nov
25
Insurer pulls cover on troubled Thomas Cook - Travel agents struggle to get cover for struggling tour operator
Nov
22
ABI gets tough on young driver accidents - Association proposes restricting driving hours
Nov
21
Ministers accused of dithering over road safety - ABI director-general points to five years of inaction over industry young driver plan
Nov
16
Premiums 13 times average fines, reveals MP - Tory outlines ten point plan to tackle uninsured driving
Nov
8
China motor market could open to foreign insurers - Country’s insurance regulator submits rule-change proposal
Nov
4
Tories accused of being in insurers' pockets - Jackson review plans pass key Parliamentary hurdle
Oct
18
Insurers 'already preparing for EU gender pricing ban' -
Some rates for males and females are ‘close to parity’ ahead of December 2012 ban
Oct
17
Labour under fire for cashing in on referral fees. Party earned £350,000 in referral fees, according to reports
Oct
3
Industry faces motor insurance regulation threat - Straw warns: get your act together or else
Jun
2
Festival goers need more than a tent for cover - Aviva is reminding music festival fans that a tent in not the only cover they require.
May
16
Price comparison websites 'misleading' - Which? has slammed price comparison websites for misleading customers.
May
6
Bank PPI claims could reach £10bn - Claims against banks that mis-sold payment protection insurance could breach the £10bn mark.
Apr
28
Nearly half do not lock up when at home - Ageas survey says many properties wide open to burglary
Apr
26
Consumers to pay for Quinn loss - Irish government will hike car and house insurance rates
Apr
20
FSA welcomes High Court decision on PPI rules - Bankers challenge to new rules is dismissed
Apr
19
AA says - Public unaware of uninsured driving crackdown - Almost 60% have not heard of new rules
Apr
14
Event Insurance launches Royal Wedding policies - Products designed to cover street party organisers
Apr
13
Car and home premiums soaring: AA - Home insurance increases reflect record winter claims
Apr
7
AXA predicts royal wedding burglary surge - AXA research shows 40% will be away from their homes in royal wedding period
Mar
28
Gocompare’s pre-tax profit more than doubles - 2010 performance may not be repeatable this year
Mar
24
Home insurance premiums up 6% - Moneysupermarket.com says typical buildings and contents cover is £151
Mar
23
AA quotes teenager almost £33,000 for car insurance - Insurer says quotation price was a mistake
Mar
16
Aviva set to sell RAC - Aviva turns RAC into standalone business with new management in preparation for a sale
Mar
15
Confused.com calls for fight on root causes of premium increases - Price comparison site backs findings of Transport Commitee inquiry
Mar
4
Government confirms insurance exemption from age legislation - Insurers will continue to be able to price risks based on age
Mar
3
Age ‘could be next’ as Euro ban on gender pricing hits - Female-only insurers face strategy rethink as others see chance to hike prices in a stalling market
Feb
28
Five big banks account for half of total complaints - Financial Ombudsman Service publishes company by company breakdown
Feb
25
ECJ gender ruling to 'cost insurers £1bn' - Insurers will need to raise cash to cover against ''new uncertainties''
Feb
18
Auto Windscreens buyer found report - Several buyers interested in failed repair firm
Feb
14
Auto Windscreens goes into administration - Auto Windscreens has gone into administration, putting 1,100 jobs at risk.
Feb
7
Women drivers face renewing insurance policies - EU gender ruling could force woman to seek new cover immediately<
Feb
2
House-swapping holidays hit record high - Lloyd's TSB Insurance warns homeowners to be aware of hidden insurance costs.
Jan
30
West Ham to claim £10.5m Ashton compensation in court - Hammers preparing to take the FA to court over Dean Ashton
Jan
27
Household claims bill to top £500m - More big names set to join RSA in facing huge cold-weather losses
Jan
26
ABI: gender ban could be a month away - European court judgement means females and males must be priced the same
Jan
21
Swiftcover Backs Insurer Access To Dvla - Government expects information-sharing system to be up with six months
Jan
20
Brokers Say Fraud On The Rise - Report shows that nearly a third of consumers think scams are acceptable
Jan
19
Naomi Campbell Case 'could End' Personal Injury Success Fee - Insurance litigation expert says Naomi Campbell case is 'powerful amunition' in abolishing conditional fee arrangements
Dec
8
Flood Cuts Could Leave Commercial Property Uninsurable"Widespread breaches of contract could lead to chaos" says JLT partner
Nov
29
Lord Sugar Calls For Action Against Claims Farmers - Apprentice host Lord Sugar hits out at "vulture-type" lawyers
Nov
17
ABI Gives Advice After Cornwall Floods - ABI speaks out after heavy rain on November 16-17
Nov
15
Row Over Id Theft Insurance
Bank customers have complained they are being signed up for ID theft protection insurance that they do not want.
Nov
12
Insurers slam police breakdown tip-offs - Costs of dealing with vehicle recovery firms is hiking up premiums
Nov
10
Rising Motor Premiums, A Cause For Celebration? Yes And No! The latest Insurance Times blog from our MD - Peter Smits
Nov
9
'suped-up' Car In Fatal Essex Crash Not Insured A car involved in a fatal crash in Essex was uninsured, the owner had not declared modifications, a court heard.
Nov
6
RBSI makes £33m loss after £100m reserves injection -
Insurer makes £33m third-quarter operating loss following bodily injury to Direct Line
Nov
4
Deepwater Horizon may cost insurers $6bn - Estimate comes as BP increases its clean-up costs to almost $40bn
Oct
12
AA: Fastest Rises For 16 Years - Young male drivers see 47% hike to £2,457 for car insurance
Oct
12
Motor Insurance Rate Increases Start To Slow - Q3 motor insurance premiums rise but monthly increases slow for first time in more than a year
Oct
4
Lord Young Slams Claims Farming - Lord Young vows to crack down on advertising which has fuelled personal injury lawsuits
Oct
4
£300 fine and six points - Driver who “could not afford” insurance gets paltry fine
Funny Insurance Quotes
"I didn't think the speed limit applied after midnight"
Funny Insurance Quotes
"I had been driving for forty years when I fell asleep at the wheel and had an accident."
Funny Insurance Quotes
"A pedestrian hit me and went under my car"
Funny Insurance Quotes
"To avoid hitting the bumper of the car in front I struck a pedestrian."
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