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Category: Insurance News

Motorists Fined £30m For Speeding Offences In 2012 – Number Of Serious Violations Increases By 10%

The number of court summons issued for speeding offences increased by nearly 10% last year.

Police data released as part of a freedom …

Fixed Penalty Hike Little Deterrent, AA Warns – Rise In Penalty For Driving Without Insurance Will Not Stop Habitual Offenders

An increase in the fixed penalty for driving without insurance from £200 to £300 will not deter repeat offenders, AA Insurance director …

Ninety-Five Per Cent Of FCA Staff Used To Work At FSA – But FCA Insists It Will Act Differently

Some 95% of FCA staff previously worked for the FSA, new figures reveal.

And 95% at head of department level and above previously …

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 …

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