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Category: Insurance News

Failed Gibraltar Insurer May Face Disciplinary Action – Regulatory May Discipline Failed Lemma Europe After ‘Intensive’ Investigation Of Collapse

Failed Gibraltar insurer Lemma Europe Insurance (LEI) could be the subject of disciplinary action once investigations into its collapse are completed.

LEI was …

Rowan Atkinson Sets Record For Biggest Ever Car Insurance Claim

We may grumble about our premiums, but sometimes something happens that might even make you feel sorry for insurers.

For example, the people …

Google Faces EU Crackdown Over Search ‘Abuse’ – EC Intervention Could Hurt Google’s Insurance Aggregator Plans

Europe’s competition chief has accused Google of search ‘abuse’, paving the way for regulatory action on the search giant.

Any European Commission intervention …

Banks’ PPI Bill Set To Total £25bn – Figure Almost Double The Amount Already Set Aside

Banks could be forced to pay £25bn in compensation for payment protection insurance (PPI) mis-selling, almost double the amount they have set …

AXA Tops List Of World’s Biggest Insurers – Japanese Insurers Are Climbing The Ranks But European Firms Are Staying Put, AM Best Finds

French group AXA is the world’s biggest insurer by net written premium (NWP), according to the latest figures from AM Best. AXA …

Insurers Hit Back At Channel 4 Dispatches Allegations – TV Programme Claims Car Insurers Are Putting Profits Before Lower Premiums

The insurance industry has reacted angrily to accusations made in a Channel 4 Dispatches programme on Monday night that car insurers were …

Other Changes Masking Gender Directive Effects – Gender Neutral Pricing ‘Unfair’ But Not All Bad, Broker Says

Changes in the insurance market are masking the most extreme effects of the EU Gender Directive, according to broker AA Insurance.

The directive, …

Government To Unveil Whiplash Plans – Justice Secretary Chris Grayling Will Launch Consultation On Creating Independent Medical Panels

The government is set to unveil its plans to reduce the huge number of whiplash claims that have been pushing up insurance …

EU Gender Directive To Drive 25% Of Women Off Roads, Says Survey – Thirteen Per Cent Of Women Drivers Could Be Priced Out Of Buying Cover

Up to a quarter of all women drivers could be forced off the road as a result of higher premiums when the …

Pet Owner Sentenced For £13,500 Fraud – Woman Gets 240 Hours Community Service After Pleading Guilty To Five Counts Of Fraud

A woman in Northern Ireland has been sentenced to 240 hours community service after pleading guilty to five counts of insurance fraud …

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