Insurance Industry News
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Our news coverage includes the latest corporate news, industry moves and product announcements. We also cover small business items and consumer surveys.
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RBS Insurance Losses
As reported in the Financial Times, the recent release of the annual RBS Group results revealed a significant loss in the insurance business that is made of up of three...
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Subsidence Cover for UK Property
The Guardian have been reporting on the issue of home insurance in the UK for subsidence suffering property. In a case study on their website a h...
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New AXA Insurance Scheme Offers 90% No Claims Discount
A new car insurance scheme from AXA is offering UK consumers a 90% discount for 8 claim free years of driving, thisismo...
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Insurance Renewal Switching Increasing
Insurance clients are the most likely to switch providers year on year, new research from Professor Stone of Oxford Brookes suggests.
In the last twenty four m...
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0 comment(s) Tags: renewal, price comparison
Legal Expenses Warning for UK Landlords
Aviva, a significant insurer of UK landlords, has warned that property investors need adequate protection for the event of squatters occupying proper...
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0 comment(s) Tags: landlords, unoccupied property
Hike in Home Cover Claims on New Years Day
HSBC have reported that home insurance claims rise by a staggering 165% on New Years Day, perhaps attributable to accidental damage and loss ...
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0 comment(s) Tags: hsbc, home insurance
Reinsurance has Learned, Market Shows First Signs of Hardening
The reinsurance market has pictured its first signs of strengthening.
Due to the fact that most US insurance carriers are well capitali...
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0 comment(s) Tags: reinsurance, industry news
Retailers are Warned by Alliance About Risks of Fraud
Alliance sales director warns of the dangers for businesses against retail crime.
Alliance corporate risk management has warned bus...
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0 comment(s) Tags: shop insurance, fraud, alliance
Harpo – Oprah Winfrey’s production company, settled its dispute with US insurance firm Mutual of Omaha over the use of the phrase “aha moment”.
Oprah often uses the phrase on ...
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0 comment(s) Tags: insurance, america, oprah
Hurricane Claims May be Rejected on Yacht Insurance Policies
To make sure boat owners are covered experts state people must correspond to all the requirements which are stated in their policy.
Under...
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0 comment(s) Tags: boat insurance
Admiral Creates Swansea Jobs
Admiral have announced the creation of 87 insurance jobs in Swansea as part of a concerted recruitment drive. The staff will be taken on in the next 3 months as the...
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0 comment(s) Tags: admiral, insurance jobs
One in Ten of Britains Drivers Uninsured
The MIB (Motor Insurers Bureau) has reported that an estimated 1.7million drivers are on Britains roads uninsured.
Their report highlights, unsurprisingly, t...
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0 comment(s) Tags: mib, in10, uninsured drivers, bans
Tesco Deal Creates 1500 Jobs
The new partnership providing motor and home insurance between Fortis and Tesco is set to create 1500 jobs. The deal which is initially set to run for 6 years ...
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0 comment(s) Tags: tesco, fortis
Kwik Fit Launches TeaLeaf
Kwik Fit the leading Scottish based UK insurance broker has rolled out Tealeaf technology across it's website. The technology allows Kwik Fit to better understand...
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0 comment(s) Tags: kwik fit
PI Costs for Accountants Remain Static
A major professional indemnity insurance provider in the UK has been reporting that despite the recent increase in insolvencies.
Marsh have repo...
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0 comment(s) Tags: professional indemnity, marsh
Admiral Report Record Profits
Welsh based isnurance group, Admiral, have reported record pre tax profits in excess of £105million in the six months to the end of June.
The profits are a result...
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Halifax not Paying Flood Claim for Ex Pilot
Halifax are not paying the flood claim of an ex pilot on Teeside following recent extreme weather and flsh floods, the Teeside Mercury reports.
People wer...
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0 comment(s) Tags: flood claims
Jewellery Claims on Increase
A major handler of jewellery insurance claims, The Jewellery Replacement Company, has increased the resources in it's claims department following a marked increase in cla...
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Motor Industry Sales Up in July
In excellent news for motor traders, July automotive sales rose 2% year on year, the first increase in 2009. New car registrations exceeded 150,000 showing very ...
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0 comment(s) Tags: motor traders, motor industry
E coli Chip Shop Poor Cleanliness Levels
The chip shop linked to a potential E coli outbreak in Wales has been inspected by Wrexham Council and found to be non compliant with many food regulations.
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0 comment(s) Tags: takeaway insurance
AIG Rebranding Parts of Operations
The commercial and international insurance business of AIG is to be rebranded and operated under a new AIG group business called Chartis. Chart...
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0 comment(s) Tags: aig, insurance marketing
Overseas Property Owners Selling Up
French property prices have been following similar trends to British prices, which is to say that in recent years, they have tumbled. The reasons for the sha...
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0 comment(s) Tags: ex pats, home insurance
UK Travel Insurance Still Important
Sainsbury's are serving to remind customers that travel insurance for UK based trips can be just as important as insurance for those travelling overseas....
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0 comment(s) Tags: travel insurance, sainsburys
Over 50 Pubs Closing Each Week
The BBC has reported that over 50 UK pubs are closing each week. This is a sizeable increase in the rate of decline over a year ago. The figures h...
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0 comment(s) Tags: pubs, bbc
French Security Consultants - Somalian Kidnap
Earlier this week, two French security consultants were kidnapped in Somalia by groups with links to Al Qaeda. The men are reported to have been sp...
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0 comment(s) Tags: kidnap insurance
Kwik Fit in Expansion and Acquisition Plans
Kwik Fit has plans for significant growth in the coming five years including plans to start underwriting their own policies within twelve months. Par...
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0 comment(s) Tags: kwik fit, insurance industry
UK Wasting Milllions on Expensive Insurance
People who do not shop around when their insurance renewals are due are losing out on substantial savings, Your Money are reporting. Clients who...
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0 comment(s) Tags: uk, your money, telegraph, home insurance
Top Gear - Young Drivers and Fronting
Top Gears Sunday programme highlighted the issues younger drivers have in finding affordable insurance. In doing so, they have upset a number of brokers an...
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0 comment(s) Tags: top gear, fronting, young drivers, claims
Flood Cover Update - End June 2009
Government Grants - Flood Protection Scheme
The government have announced that twenty five local authorities will benefit from the first round of grants from the f...
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0 comment(s) Tags: flood, abi, home insurance
Michael Schumacher has revealed himself as Top Gear's The Stig.
For many years, viewers have only seen the mysterious driver dressed in white racing kit - with only obscure clue as to his r...
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0 comment(s) Tags: The Stig, Top Gear, BBC
Insurance Intermediary Kiwik Fit has reported that their car insurance sales have increased by almost a third in May this year. This 31% increase - up to 21,000 new motor policies from May 2008 - sign...
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0 comment(s) Tags: car insurance, home insurance, kwik fit
Aviva Encourages Drivers to Collect Accident Scene Information
Aviva, fresh from their rebranding exercise this week have been encouraging fleet drivers to collect accurate and complete informat...
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0 comment(s) Tags: aviva, claims, fleet insurance