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Category: Insurance News

British Travellers Risking ‘Sky High’ Medical Bills – One-Quarter Of Holidaymakers Travel Without Insurance, Rising To Almost Half Of 18-25-Year-Olds

Many British holidaymakers are putting themselves at risk of “sky high” medical bills by travelling without insurance.

Research by travel association ABTA and …

Uninsured Drivers To Face Higher Fines – Biba Welcomes MP Plans For Tougher Sanction

Transport minister Stephen Hammond has announced that the fixed penalty for driving without insurance will rise to £300 from the current £200 …

Croydon Conmen Jailed For £87,000 Scam – Duo Pretended To Be Selling Insurance For British Gas

Two men have been jailed for selling bogus insurance policies to at least 500 victims across the country.

John Annett and Jay Firmager …

Car Salesmen Average Motor Quote £9,640 – School Bursars Have The Lowest Premium

Car salesmen may be paying more than 13 times the average cost of car insurance, which now stands at £736, according to …

Co-Op In Crisis After Bank ‘Junk’ Downgrade – Chief Executive Resigns After Rating Cut To Ba3

Moody’s has reduced Co-operative Bank’s deposit and senior debt ratings by six notches to Ba3 from A3.

The downgrade has plunged the bank’s …

Direct Line GWP Drops 4.5% Amid ‘Competitive Market Conditions’ – UK’s Largest Personal Lines Insurer Increases Operating Profits 32.9% In First Quarter

Direct Line’s gross written premium (GWP) for on-going operations fell 4.5% amid “competitive market conditions” in the UK personal lines space.

Chief executive …

UK Motor Market To Continue Shrinking, Says Deloitte – Premium Drops £200m In 2012

The total amount of UK motor insurance premium fell £200m in 2012 to £13.1bn, according to Deloitte.

The Deloitte research showed that total …

Telematics Should Play A Part In Fighting Whiplash Problem – Discussion On Behaviour-Based Motor Insurance Says Technology Helps Fight Fraud And Better Price Risk

Telematics is set to wade in to the fight against high motor premiums and fraudulent whiplash claims according to the panel at …

APIL Challenges Whiplash ‘Propaganda’ As Claims Fall By 11% – Whiplash Claims Fall To Lowest Levels For Five Years

A freedom of information request submitted by the Association of Personal Injury Lawyers (APIL) revealed there were 488,281 whiplash claims in 2012/13, …

Aviva Considering Co-Op Purchase – A £650m Deal Is Reported To Be In The Early Stages

Aviva is considering a £650m takeover of the Co-op Group’s insurance arm, according to the Sunday Times.

Deutsche Bank has been appointed to …

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