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Category: Insurance News

Budget 2016: Osborne ‘planning’ rise in insurance tax

Millions of households could face an increase in insurance costs, following a warning that the chancellor may target premiums in next week’s …

UK exit from the EU would damage our insurance market, says Lloyd’s of London

A Brexit would damage London’s £30bn insurance market, Lloyd’s of London has claimed.

Sean McGovern, chief risk officer and general counsel at Lloyd’s, …

Pet insurance claims hit record number

The number of UK pet owners claiming on insurance policies has reached a new record, with 911,000 claims being made in 2015. …

Home insurance costs rise thanks to tax hike and are set to balloon further due to storm damage

Insurance Premium Tax went up from 6% to 9.5% in November
The costs have already been passed onto customers from insurers
Premiums set to …

Cost of car insurance on the rise

The cost of car insurance has been steadily rising in recent months, and new figures from the Association of British Insurers (ABI) …

Middle-class workers manipulate price comparison sites to get cheap insurance quote face crackdown

The Insurance Fraud Task Force recommends that price comparison websites should report ‘suspicious’ activity

Middle-class workers who “game” the insurance system using price …

Floods bill for winter estimated at 1.3bn, says ABI

Floods Insurance claims so far this winter will reach £1.3bn, the Association of British Insurers (ABI) has said. The figure is the …

Home insurance costs won’t rise despite winter storms

The winter storms that have battered Britain will cost the country’s leading household insurers more than £300m this year, but customers will …

Five Things You Need To Know About Insuring Your Property Against Flood

1. Millions of households are at risk from flooding

Around 5m, or a sixth of the properties in England, are deemed to have …

Storm Desmond: Insurance Advice For Flooding Victims

Insurers say a “small army” of claims managers are at the scene of flood-hit areas, but they urge affected residents to follow …

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