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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 …

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 …

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