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Category: Insurance News

FSA Raps RBSI Over Unclear Pet Policies – Insurer Forced To Clarify Claims Wording

Three RBS Insurance units have been forced to change their pet policy wording after the FSA found “unfair” claims terms in them.

The …

Labour Under Fire For Cashing In On Referral Fees. Party Earned £350,000 In Referral Fees, According To Reports

Labour has earned more than £350,000 in referral fees by passing on party supporters to solicitors, it has emerged.

Party coffers are swelled …

Which? Slams Claims Firms Over PPI

Which? has discovered a range of problems with claims management companies  handling of payment protection insurance (PPI) mis-selling queries during an investigation.

The …

HSBC Puts Insurance Arm Up For Sale

HSBC is putting its general insurance business up for sale for around $1bn, according to The Times. The unit sells general insurance …

Motor Insurers Lost £2bn In 2010 – Deloitte

Motor insurers lost £2bn last year, while net combined ratio deteriorated to 120%, according to Deloitte.

Insurers were hit hard as prior year …

Motor Rate Increases To Hit Young Drivers

Motor insurance increases of at least 50% over the next couple of years will hit young drivers, according to insurance accountants and …

Burglars Head For Number 88

While nearly one in four Brits would think twice about buying a house numbered 13, AXA suggests that addresses beginning with 88 …

Event Insurance Launches Royal Wedding Policies – Products Designed To Cover Street Party Organisers

Event Insurance Services has launched bespoke policies for Royal Wedding celebration street parties.

With more than 500 street parties lined up in London …

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

The European insurance industry was reeling this week following the European Court of Justice ruling that gender can no longer be a …

House-Swapping Holidays Hit Record High – Lloyd’s TSB Insurance Warns Homeowners To Be Aware Of Hidden Insurance Costs.

Homeowners are being urged to inform their insurer before embarking on a house-swapping holidays.

House-swap holidays more than doubled in the past year …

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