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Category: Insurance News

Parsons Looking To Sell Gocompare – Report. Founder Could Net £100m If Sale Goes Ahead

Gocompare founder Hayley Parsons is considering selling the company, The Guardian reports.

According to the paper, Parsons has hired accounting firm Grant Thornton …

Insurers Braced For Flooding After Environment Agency Warning – Environment Agency Says Even Small Amounts Of Rain Will Trigger Flooding

Insurers should brace themselves for flooding in the winter months following an Environment Agency warning that even small amounts of rainfall will …

Cameron Urges Progress With Flood Insurance Talks – Prime Minister Weighs Into Statement Of Principles Debate

Prime minister David Cameron has urged insurers to provide “proper protection” to flood-prone properties after a Conservative MP accused the ABI of …

Millions Of UK Motorists Drive Without Insurance, Says Report – Millions Of UK Motorists Have Run The Risk Of Penalty Points, A Fine Or A Driving Ban After Unwittingly Driving Without Insurance

The survey found that 2.2m motorists have driven without insurance, with the majority (1.8m) mistakenly believing they were insured at the time.

The …

Goal Line Technology Firms Take Out Insurance Cover – Hawk-Eye And GoalRef Insure Against Legal Disputes

Goal-line technology companies have been ordered to take out insurance cover by FIFA in order to avoid being sued for failing to …

Direct Line Bosses To Pocket Post-Flotation Bonuses – Chief Exec Geddes Could Net £3m Share Incentive

Direct Line Group (DLG) bosses will be paid multi-million pound bonuses as the insurer prepares for its planned flotation, according to the …

Biba: ‘Ban Banks From Selling General Insurance’- Broker Trade Body Says Banks Should Focus On Their Own Business

Biba chief executive Eric Galbraith has called on the FSA to ban banks from selling general insurance products.

Galbraith’s strongly worded comments come …

Direct Line To Float As RBS Pulls Plug On PE Sale Talks – Reports Say Flotation Process To Begin ‘In A Matter Of Weeks’

Direct Line Group is to focus on flotation after parent bank RBS ended talks with potential private equity buyers for the insurer, …

Whiplash Fraudsters Sentenced For Bogus Crash Claims – Birmingham Duo Tried To Defraud 1st Central With False Claim For Event They Were Not Involved In

Two men who made bogus claims for whiplash injuries suffered in a road traffic collision they were not even involved in have …

Is Pet Insurance Fraud The New ‘Cash For Crash’? – Animal Owners Are Increasingly Resorting To Desperate Means To Make Ends Meet

Pet insurance has become big business. For as little as £2 a month, policyholders can cover their furry loved-ones whose bills can …

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