Homeowners Nervous Over Appointing Tradesman

Ryan Hinegan — 25 October 2016 01:04

A recent survey has shown that a majority of homeowners feel apprehension over hiring tradesman to carry our repair or maintenance work on their homes. The survey found that 9 out of 10 persons approached experienced concerns over botched jobs and costly bills. Website

Landlords Feel The Wrath Of Budget Week

Michael O'Hara — 05 April 2016 09:32

Chancellor of the Exchequer George Osborne has recently announced that the brand new reduction in the rate of capital gains tax will not be applied to UK investment property. Could this announcement result in “buy to let” discrimination becoming more common? The Chancellor used “Budget week” to send[...]

Car Insurance App Ready To Tackle The Industry

James Savery — 17 December 2015 11:41

An entrepreneur from Liverpool has launched the UK's first 'hourly insurance app' with visions of taking the market by storm. The company, named Cuvva, is a start-up business started by Merseyside resident Freddy McNamara and Leo Kellgren-Parker from Scotland.

Cuvva was launched i[...]

Insurance Worker Has Heart Attack From Red Bull

Michael O'Hara — 11 December 2015 04:43

Martin Bowling, an insurance worker who is addicted to the stimulant caffeine prominently found in energy drinks, has suffered a heart attack after drinking 8 cans of Red Bull in short succession.

The man who is 28 years old from Little Wakering, Essex was rushed into hospital ea[...]

Cyber Bullying Insurance Now Available

James Savery — 09 December 2015 05:22

A UK insurer has released the world's first ever cyber bullying insurance policy to the public. These policies are supposed to cover the costs of any professional help you may seek as well as time off work (loss of earnings) and relocation for severe cases.

The firm responsible is[...]

Axa Countering Whiplash Fraud

Michael O'Hara — 04 December 2015 04:24

All insurers alike can agree that whiplash fraud is a serious problem and one that Axa is fully committed to tackling. Axa state the issues surrounding these problems are complex and require significant legislatory reform.

Today we share their robust approach to taking the fight t[...]

Zurich Insurance In Turmoil After Chief Quits

James Savery — 02 December 2015 05:23

Zurich Insurance have been left with a catastrophe on their hands after their chief executive called it quits. The insurance firm have been in a frantic scramble to get a replacement after the news. Martin Senn had been at the head of the group for a total of six years. He decided to step down after[...]

Insurance Group Hastings Surges In Harsh Climate

James Savery — 18 November 2015 04:57

Hastings Group Holdings Plc, an insurance firm based in the UK, have reported an increase of approximately 19 percent in their operating profits in the first nine months of 2015. This[...]

Phising Attacks And Your Business

Michael O'Hara — 13 November 2015 04:58

Would you be able to spot a phisherman? In today's article we look at information security and the threat of phishing emails that could potentially cause damage to your business.

The popular internet meme 'Gone Phishing' is a massively popular problem which cyber criminals use to[...]

Insurance Firm Zurich Suffer Massive Losses

James Savery — 11 November 2015 01:59

Zurich Insurance have confirmed a hefty drop in profits after their exposure to the recent Volkswagen emissions scandal along with a string of hits to their general insurance b[...]

Big Changes In The Insurance Market Cause A Rukus

James Savery — 18 September 2015 10:37

The insurance sector is currently going through a list of big changes and it's affecting more than just the firms within the industry. The past year has seen a string of big changes and the mega deals that are taking place recently are a testament as to how companies are trying to protect themselves[...]

Would You Let A Phisherman Reel You In

Michael O'Hara — 09 September 2015 02:18

Axa Countering Whiplash Fraud

Michael O'Hara — 09 September 2015 12:35

Recycle To Help The Environment And Your Business

Michael O'Hara — 08 September 2015 11:35

How does recycling all your unwanted business documents help the environment?

It is important for businesses to recognise the environmental and business benefits of recycling their paper waste. In the United Kingdom alone, businesses get through 12.5 m[...]

Banks To Scrap Insurance Teaser Deals

James Savery — 07 September 2015 09:40

A lot of us are guilty of just accepting our home insurance policy renewal when the letter arrives in the post. A lot of insurers like to increase their premiums in the second year which means that customers end up paying more than they should for their insurance.

In a change of h[...]

Whiplash Insurance Scandal Increasing Premiums

James Savery — 11 August 2015 03:50

Return of the whiplash personal injury claim scourge could send insurance premiums soaring by up to 15%, say insurance executives.

Criminals may have found away around new laws that were put in place at the end of last year that were intended to prevent false whiplash claims, whi[...]

Could The Google Car Spell The End Of Insurance

Michael O'Hara — 07 August 2015 04:21

The Google driver-less car, or "self-driving car" is a project by non other than Google of course, with the aim to provide completely autonomous motor vehicles excluding the need of a driver, thus you become a pilot instead. The cars will become available to the public in 2020, most likely opening f[...]

Personal Injury Claims Sky Rocket Car Insurance

James Savery — 03 August 2015 04:46

A fresh wave of claims is causing motor insurance prices to inflate due to an increase of whiplash injury compensation according to the ABI (Association of British Insurers).

In the second quarter of 2015 (April - June) motorists paid on average 2% more for their comprehensive ca[...]

Zurich In A Bid For More Than 5 Billion RSA

James Savery — 28 July 2015 04:25

One of the largest European insurers is currently considering putting in a bid for rival Swiss company RSA, who bring the UK insurance through More Than. Following the announcement, RSA share prices have gone up by 15%.

Zurich confirmed recent speculation of the takeover and has u[...]

AA Informs Car Insurance Premiums On The Rise

James Savery — 27 July 2015 04:22

In the first time during a 3 year period, car insurance premiums have risen meaning young drivers aged between 23 to 29 are being slapped with up to a 6.2% increase when compared with the previous year.

With the growing number of insurers and comparison websites, they have needed [...]

Could it Really be the end for National Insurance

James Savery — 22 July 2015 05:07

George Osborne is currently considering merging the taxes that we all love to see on our pay slips at the end of the month, National Insurance and Income Tax (PAYE). We would then see a single “earnings tax,” instead of the current separation.

This is not the first time that this [...]

Insurance Fraud Costs Each Household Every Year

James Savery — 16 July 2015 10:46

Fraudulent insurance claims are worth more than £1 billion pounds every year. Insurance firms and the authorities discovered more than £1.32 billion in fraudulent insurance claims last year, but experts have warned that this is just the 'tip of the iceberg'.

Figures from the Assoc[...]

Uber Cabs Accepting Fake Insurance Documents

James Savery — 16 June 2015 11:34

TFL (Transport For London) have started an investigation into ride-sharing cab company Uber after a whistle-blower was able to get work with the firm after uploading a completely fake insurance document into their online system from an insurance company that doesn't even exist.

Th[...]

Life Insurance Tips To Keep You Covered

James Savery — 10 June 2015 04:48

A large number of people now own life insurance policies and a majority of consumers will just assume that their family will be protected if the worst happens. However, a number of problems can be discovered if these insurance policies are put under the microscope.

A lot of life i[...]

What You Need To Know About Insurance Telematics

James Savery — 04 June 2015 10:59

Telematics are not 'new' in any case. They have been utilised in Formula One racing and fleet management for a number of years. Telematics work by combining the infomatics (when data is collected then processed) with telecommunications technology to transmit GPS and motion sensor data to a computer [...]

Cardiff Insurance Business Acquired By AmTrust

James Savery — 02 June 2015 11:47

Cardiff-based insurance firm Composite Holdings have been acquired by AmTrust Europe, an insurance provider which is part of the US-based AmTrust Financial Services Group.

Composite [...]

Driverless Cars To Slash Insurance Costs By 2020

James Savery — 28 May 2015 05:06

The cost of the average car insurance policy is expected to be slashed by up to 50% by 2020 as driverless cars become more and more common. These futuristic vehicles aim to eliminate bad driving which is the cost of 90 percent of all road traffic accidents which would, in turn, cut annual premiums b[...]

FCA Says Insurance Payments Need To Be Clearer

James Savery — 26 May 2015 10:42

The Financial Conduct Authority (FCA) has stated that insurance companies need to be more clear cut when it comes to the cost of paying insurance premiums in installments. According to the FCA: "Online sales by insurers, brokers and price comparison websites could leave people unaware of the differe[...]

Car Insurance On The Rise For Young Drivers

James Savery — 21 May 2015 11:36

17 year-olds who have just passed their test are facing the reality of car insurance costs - the cost for insurance is now overtaking their budget for the vehicle itself and the insurance combined.

Not many people passing their driving test at 17 will be lucky enough to find the f[...]

Travel Insurers Finding More Ways To Refuse Claims

James Savery — 19 May 2015 10:59

The Financial Ombudsman Service have released statistics showing that travel insurance firms are looking for more and more ways to avoid paying out on legitimate insurance claims. The Ombudsman, an independent arbitration service, receives over 2000 complaints every year from disgruntled travelers w[...]

Premium Hike For Pet Insurance Customers

James Savery — 15 May 2015 10:44

AXA Insurance have decided to remove themselves from the pet insurance market which will mean that up to 10,00 of their existing customers who own a pet insurance policy will have to be moved over to NCI Insurance. According to AXA, they have left the market behind in order to focus on their 'key pr[...]

Driver Gets 1 Year Ban After Lying For Insurance

James Savery — 07 May 2015 03:17

A driver has been slapped with a year-long driving ban after he decided to lie about his past drink-driving convictions in order to secure insurance for his car last year.

Mr Jackson neglected to tell his insurer (Zenith) that he had a drink-driving offence and two counts of drivi[...]

Holiday Selfies May Void Your Insurance Claim

James Savery — 28 April 2015 11:22

We are currently living in a time where everything is shared on Facebook, from whatever you ate for breakfast to where you're going on holiday or what you're doing over the weekend. People especially love posting holiday selfies and telling all their friends where they're going for their travels. Ho[...]

Man Gets £10k Of Car Insurance For Just £10

James Savery — 15 April 2015 11:52

A conman from Liverpool was able to manipulate his way through a car insurance website to get himself £10,000 worth of cover for a measly £10. Callum Mullen, 33, from Merseyside (Parklands Way, Waterloo to be exact) managed to swindle the system to pay just 10 pounds to insure his Vauxhall Vectra. M[...]

You May Need Car Insurance For Your Lawnmower

James Savery — 07 April 2015 10:51

A 43-year-old European directive has recently resurfaced which may force golfers riding motorised caddies, wheelchair users and gardeners with ride-on lawnmowers to buy car insurance for their small 'vehicles'. This strange rule has actually been in place for decades, however, a recent court case ha[...]

China To Boost Insurance Market With Investments

James Savery — 01 April 2015 10:42

China has revealed their plan to boost the country's insurance industry by relaxing the current controls and restrictions on overseas stock and bond investments for domestic Chinese insurers. The country's investments have been restricted to Hong Kong up until now. The Chinese insurance regulator is[...]

FCA To Crack Down On Optional Insurance Policies

James Savery — 25 March 2015 03:35

The Financial Conduct Authority (FCA) has finally announced their plans to ban the selling of 'opt-out' insurance policies this week after the results of a market study that took place in 2014. Some of you may be wondering what exactly opt-out selling is? Opt-out selling is when a consumer is automa[...]

Insurers Call For Flood Defence Investment

James Savery — 20 March 2015 11:42

A campaign started by the Association of British Insurers (ABI) has cried out for an additional investment of £1 billion per year in order to keep up with climate change and the ever-increasing risk of flooding.

George Osborne, Chancellor of the Exchequer, has been encouraged to i[...]

Should Insurers Share Their Telematics Data

James Savery — 09 March 2015 11:05

Should the government and our insurers be forced to share their anonymous telematics data in order to improve safety on our roads? A report from the House of Commons' transport committee states that a better, more efficient use of this data collected from drivers will help improve road safety across[...]

Couple Sentenced For Insurance Fraud

James Savery — 27 February 2015 11:12

An Insurance Fraud Enforcement Bureau (IFED) investigation has discovered that a couple have been submitting fake claims for their stolen valuables. The two fraudsters have been sentenced at Bury Magistrates' Court today for attempting to submit fraudulent claims to Legal & General and RSA in relati[...]

Companies Needing 650 Million In Cyber Insurance

James Savery — 19 February 2015 10:56

A number of companies across the globe have raised their concerns in relation to their cyber insurance policies. Some firms are going to need as much as £650 million in cover as the costs of hacker attacks rise. Insurance experts have issued the warning but a lot of firms are struggling to acquire e[...]

Corporate Insurance Policies Continue To Be abused

James Savery — 12 February 2015 10:33

The Asset Protection Unit (APU) has been encouraging corporate fleets to make use of their technology even if the driver admits fault. A large number of drivers are regularly abusing their corporate insurance sector. Lloyds Banking Group are increasing their budget once again for their customers who have been miss-sold various types of loan i[...]

Cyber Attack Insurance Looking Ready For The UK

James Savery — 29 January 2015 11:33

Cyber-attacks are becoming more and more of a threat as the world becomes more dependent on technology for our communications and business ventures. Add-on insurance policies have already been made available in France by Axa in an attempt to clean up private information and photographs posted online[...]

Insurance Profits Double In The Chinese Sector

James Savery — 23 January 2015 10:49

The Chinese insurance industry has surprised experts with record profits of 204.7 billion Yuan (equivalent to almost £22 billion) in 2014 which is more than double the profits of the previous year. The country’s capital gains from premium investments stood solid at 535.9 billion Yuan (£57 billion) i[...]

Catlin Secures Insurance Takeover Deal

James Savery — 15 January 2015 05:01

The UK’s insurance sector has been at the height of the industry’s attention recently after Catlin spoke out about their recommended ‘cash and share’ offer from XL which valued the group as £2.8 billion. Th[...]

Can You Escape High Car Insurance In 2015

James Savery — 08 January 2015 11:58

It comes as no surprise that car insurance premiums are expected to rise again in 2015, even more so for the younger drivers amongst us. On average, drivers have to fork out an extra £35 in order to insure their car when compared to January 2014. This trend is expected to continue into the foreseeab[...]

Gadget Insurance Complaints Reach New Highs

James Savery — 22 December 2014 11:10

The Financial Ombudsman Service (FOS) has reported that they have received a record number of complaints from consumers in relation to their gadget insurance policies last year. The figures are up to a record-breaking 2,200 complaints which is double that of the previous year.

A h[...]

Insurance Issues That Need Exposing

James Savery — 11 December 2014 11:01

The FCA (Financial Conduct Authority) reported that they planned to carry out a report last March that would review the current insurance and pension markets. Millions of savers across the country finally felt like the FCA was making the necessary steps to deal with the ridiculous miss-selling of in[...]

Chinese Plan For Bank Deposit Insurance

James Savery — 02 December 2014 09:45

China has taken major leaps forward in reviving its lagging bank sector by finally deciding to implement a banking deposit insurance system. This is a move that the country has been needed for a serious amount of time and will help to further discipline China’s lenders and customers.

Insurance Firm Forcing Pet Owners To Keep Paying

James Savery — 26 November 2014 10:06

Australian pet insurance provider Petplan has been leaving its policy holders distraught after refusing to cancel their policies after their pets have died. Petplan is the country’s second biggest pet insurance provider and they have been coming under fire from various consumer sites following the r[...]

Tesco Refuse To Pay Flood Insurance Victim

James Savery — 20 November 2014 01:23

Tesco was once the rising giant in the UK’s grocery sector. However, they are now under fire from various avenues including their recent disagreement with Mark Two kitchens coupled with their declining share prices. If that wasn’t enough, they are now being scorched by the Financial Ombudsman after [...]

Insurance Directors Fined £1m By The FCA

James Savery — 11 November 2014 11:08

The Financial Conduct Authority (FCA) has banned a group of 3 from their senior roles in the financial services sector after their involvement in an aggressive, unnecessary insurance policy&l[...]

Lloyds Bank Hit With £900m Insurance Fine

James Savery — 28 October 2014 11:08

Lloyds bank has been hit with yet another massive fine thanks to their dodgy insurance-selling practices over the past few years. They have been ordered to pay a £900 million fine in order to compensate their customers who have been miss-sold insurance for their loans. This could be an almost crippl[...]

Landlord Insurance - What You Need to Know

James Savery — 06 February 2014 01:41

If you are a landlord with a property to let, it is imperative that you take out the correct landlord insurance policy in order to cover yourself against a[...]

Car Insurance Premiums Fall by 8.9%

James Savery — 29 January 2014 10:05

According to UK insurers, comprehensive car insurance premiums fell by a total of £36 (which equates to 8.9%), on average, in 2013. During the final 3 months of the year, the average annual insurance policy cost was £370, compared to a cost of £406 in the previous year, according to the Association [...]

Flood Insurance Claims On The Rise

James Savery — 02 January 2014 04:48

Thousands of home and vehicle owners have been forced to make insurance claims over the Christmas period thanks to the extreme weather that has been affecting the UK. The AA have released a report showing that they took approximately 1,000 home insurance claims because of storms and flooding along w[...]

Pet Insurance Cover & Statistics

James Savery — 19 December 2013 02:42

Christmas is just around the corner and many families in the UK will decide to buy a pet for their family or close friends. However, a pet comes with many new responsibilities and costs such as vets’ bills if you do not have a comprehensive pet insurance policy. Advances in research and technology a[...]

UK's Insurance Market Set For Competitive Growth

James Savery — 12 December 2013 11:58

The UK government has been doing their best to increase the number of international insurance companies acting domicile in the UK, and this movement has been well received by industry leaders. The thought behind it is that it will enhance the UK’s competitive market position in the insurance sector,[...]

£25bn UK Investment By Insurance Firms

James Savery — 05 December 2013 09:56

Six of the UK’s major insurance firms are set to invest a total of £25bn in government projects over the coming year. The six firms are Scottish Widows, Standard Life, Friends Life, Prudential, Aviva and Legal & General. These insurance firms are going to put their investments into a revamped Nation[...]

Weather Insurance Could See 100% Loss Ratio

James Savery — 25 November 2013 03:49

The weather insurance sector may witness losses of up to 100% this year as a result of a cyclone in the first half of October. The cyclone has caused some serious damage to local crops including paddy fields and seasonal vegetables. Insurance firms have revealed that these events are causing substan[...]

Airline Insurance Buyers Reaping the Rewards

James Savery — 12 November 2013 02:58

Renewing airline insurance investors will benefit at the end of 2013 thanks to excess capacity, high competition levels, limited loss activity and an aggressive broking community. Willis Group, a global risk advisor, gathered the data and came to these conclusions. Willis’ quarter 3 instalment of it[...]

Food Liability Insurance Made Mandatory in China

James Savery — 06 November 2013 03:36

The Chinese government is going to make liability insurance mandatory for the food industry with the objective of improving food safety in the country. The new legislation will apply to food processors, producers, caterers and distributors. Currently, the only mandatory insurance policy in China is [...]

Online Insurance Market Set For Growth

James Savery — 21 October 2013 04:34

Insurance can be sold through a variety of mediums: face to face, over the phone and online. Europe’s online insurance market is currently growing and is set to reach an approximate value of £21,149,575,000 by 2016. This is excellent news for all performance marketers who are involved in the finance[...]

Phone Insurance Cleaned up by Banks

James Savery — 15 October 2013 04:49

A lot of banks offer insurance policy bundles with their so-called ‘packaged current accounts’ and these deals are often too good to be true, plagued with exclusions and strict terms and conditions. The banks are now being forced to clean up their act and improve their insurance packages.
&[...]

Fake Car Insurance Scam Leads to Arrests

James Savery — 09 October 2013 04:21

The British police have been undertaking raids across England to try and tackle the numerous fake car insurance scams that are going on around the country, such as the ‘flash-for-cash’ scam that we covered in an earlier blog post. The campaign has been successful, with 27 criminals being arrested so[...]

Flood Insurance Deal Needs Work

James Savery — 07 October 2013 03:56

Our government has recently made a deal with UK insurers to provide insurance cover against flooding, and the announcement was originally well received. However, it has been revealed that the deal doesn't protect all buildings, causing the government to come under fire. The insurance deal excludes a[...]

Georgians Are Missing Health Insurance

James Savery — 30 September 2013 04:39

Across the middle of Georgia in the USA, approximately 1 in 5 people (not including OAPs) are living without a valid health insurance policy, analysis has shown. The report revealed that 83,625 people are lacking health insurance, which is a huge amount considering how important health insurance is.[...]

More Insurance Miss-Selling Accusations

James Savery — 27 September 2013 03:20

The BBC have been putting UK recruitment agencies under fire recently, accusing them of selling personal accident insurance policies to their temporary workers. Here in the UK we are no strangers to insurance miss-selling, with miss-sold PPI and credit card insurance being all over the news in recen[...]

Liability Insurance - UK Businesses are Lacking

James Savery — 24 September 2013 03:37

Thousands of businesses in the UK are risking substantial legal fines or bankruptcy because they do not possess a liability insurance policy, according to a leading insurer’s research. The insurance research revealed that a staggering 350,000 small businesses are lacking an employers’ liability insu[...]

Taxi Firms Cutting Their Insurance Premiums

James Savery — 18 September 2013 03:41

A taxi company based in the north east of England has suffered an insurance premium hike in the past 3 years, seeing an increase of 200%. The firm has decided to install state of the art CCTV equipment in its taxi fleet in an attempt to dramatically cut the cost of their insurance premiums. The firm[...]

Health Insurance Tips - Save on Your Premium

James Savery — 17 September 2013 02:41

Health insurance policies are becoming more and more important these days, with healthcare costs increasing on a yearly basis. Despite all this, many consumers decide to go without a health insurance policy, seeing it as a luxury cost that they cannot afford. This may be true under some circumstance[...]

Insurance Rules to Create Accounting Issues

James Savery — 13 September 2013 04:04

The International Financial Reporting Standards (IFRS) have proposed a change to the way that insurance contracts are accounted for under their systems, which is threatening to make insurance companies’ financial statements more and more complex and less understandable. The International Accounting [...]

An Insight Into Liability Insurance

James Savery — 12 September 2013 03:16

To put it simply, public liability insurance is purchased to protect your business in case a member of the public is injured, suffers damage to their property or is involved in a fatal accident while on your premises or in relation to your business activities. For example, if you run a retail busine[...]

£600,000 Insurance Bill For Car Pile-Up

James Savery — 06 September 2013 04:47

One of the UK’s worst ever car pile-up cases took place in Kent yesterday, involving over 130 motorists on the Sheppey Crossing at around 7:15 am. The insurance bill for the vehicles damaged in the accident is expected to top £600,000. Motorists are starting to collect their vehicles today, which we[...]

Pet Insurance Premiums Continue to Rise

James Savery — 05 September 2013 04:19

Buying and retaining an insurance policy for your pet is becoming more and more expensive over the years, with many consumers considering dropping their policies and paying for the treatments themselves. In theory, pet insurance is a great idea for any animal lover. You pay a monthly premium and any[...]

Hong Kong's Insurance Industry Development

James Savery — 04 September 2013 03:39

Honk Kong’s Insurance market has revealed very positive figures for the first half of 2013, with the industry growing by 14.5% in just 6 months. Total gross premiums stood at HK$143.7 billion (£11,849,860,500) at the end of June. Large quantities of these insurance premiums were in long term in-forc[...]

Insurance Fraud Scam on M57 Brought to Justice

James Savery — 03 September 2013 04:53

Three insurance fraudsters have been caught trying to deliberately cause a crash between a coach and their car on the M57 motorway – the goal being to claim £150,000 in injury compensation from their insurance company. The 3 men involved have all pleaded guilty to the judge at Southwark Crown Court [...]

Insurance Tips For Students

James Savery — 02 September 2013 04:37

It’s that time of year where thousands of students across the UK are preparing to move to, or return to University after the end of the previous year. One of the main things for students to overlook is their insurance policy. Some students assume that they are covered by their parents’ policy, some [...]

Insurance Scamming Vet Uncovered

James Savery — 28 August 2013 05:07

Insurance Price recently covered the latest ‘flash for cash’ car insurance scam, but fraudulent road users are not the only ones abusing the system. A veterinary surgeon, Francisco Cruz, has been caught in the act. He was running an elaborate insurance scam, creating fake animals and claiming to hav[...]

Is Cyber Liability Insurance Becoming Vital?

James Savery — 27 August 2013 05:25

In recent years, cyber security has been a hot topic, with more and more businesses feeling the need to insure their electronic assets in case of a hacker attack. A new study has been released, called ‘Managing Cyber Security as a Business Risk: Cyber Insurance in the Digital Age’. The cyber securit[...]

BMA Hypocrisy Over Private Insurance

James Savery — 23 August 2013 04:33

The British Medical Association (BMA) has been accused of shady practices and hypocrisy after offering private medical insurance policies to all of its staff members. This is all despite having opposed government reforms to create a more competitive insurance market for healthcare. Doctors have a tr[...]

Banks Involved In New Insurance Scandal

James Savery — 22 August 2013 05:01

Similar to the PPI scam of recent years, Insurer CPP alongside 13 banks and credit card issuers have had to put £1.3 billion aside in order to repay millions of consumers who have been miss-sold CPP credit card insurance policies. The Financial Conduct Authority made an announcement, further piling [...]

New Law Affects Non-Disclosure Insurance Claims

James Savery — 21 August 2013 04:55

The UK’s insurance contract law is being changed for the first time in a century, which is providing a positive outlook for policy holders and potential claimants. It will be made harder for insurance companies to turn down a client’s claim on the grounds of the non-disclosure of relevant informatio[...]

Life Insurance Growth Set To Slow Down

James Savery — 20 August 2013 04:08

The future of the UK’s life insurance market is looking like a slow one according to reports that have recently been released. Life insurance had a small recovery in 2012, regaining a little momentum. However, its growth is likely to be thwarted by lingering issues within the economy, especially ove[...]

New Car Insurance Scam Sweeps Britain

James Savery — 19 August 2013 03:13

Car insurance scams are nothing new to the UK or the insurance industry. A new type of car insurance scam is sweeping the UK right now, being dubbed as ‘flash-for-cash’. Put simply, this new scam involves the criminal flashing their headlights at a junction to signal the innocent party to drive on. [...]

Benefits of Rent Guarantee Insurance

James Savery — 14 August 2013 05:00

When a landlord invests in a property, a suitable insurance policy is usually swept under the rug when it comes to priorities. A standard home insurance policy will not cover all the landlord’s needs. This is because there are too many variables when it comes to renting out, such as third party dama[...]

UK Director's Liability Insurance Requires Reform

James Savery — 13 August 2013 04:32

The Institute of Directors (IoD) has stated that becoming a company director is becoming ‘impossibly risky’ unless reforms are introduced. The IoD has warned that company directors are being placed under too much pressure under the event of legal action. It has been suggested that reforms should be [...]

Travel Insurance Tips

James Savery — 09 August 2013 04:49

Holiday season is here and many of us will be going away soon, abroad or staying in the UK. Before you go, it’s important to get yourself a solid holiday insurance policy. You also need to make sure that you know what you’re getting for your money and what you aren’t going to be able to claim for in[...]

Critical Illness Insurance: Worth The Money?

James Savery — 08 August 2013 05:27

A lot of workers are taking advantage of their employer’s health insurance plans. Costs usually increase steadily over the years and people are accustomed to this. However, premiums are rising – add in growing deductibles and medical costs are becoming a major problem, even for customers with high q[...]

Equality Laws Strike Insurance Price War

James Savery — 07 August 2013 02:01

Shares for insurance company Esure have plummeted by 11% following the new rules to be imposed which will ban the sale of cheaper car insurance for women. The difference in insurance premiums started a row on gender equality, with people feeling that it’s unfair to charge a different price for a dif[...]

Payment Protection Insurance Claims Peak

James Savery — 30 July 2013 05:15

The amount of Payment Protection Insurance claim requests are seeing a decline compared to their all-time high but the levels still remain quite high. It is estimated that the banks reject around 10,000 PPI claims every week. The banks are still putting aside millions of pounds to deal with these cl[...]

Insurance Fraud in the UK hits £1bn Yearly Cost

James Savery — 26 July 2013 04:42

The value of fraudulent insurance claims has been consistently rising and has finally topped a massive £1 billion in 2013. These costs are being felt by the consumers and the industry has said there will be no mercy in the fight against fraudulent insurance claims. The number of phony claims mounted[...]

22,000 Possible New Jobs for the Insurance Sector

James Savery — 22 July 2013 05:07

Back in June we wrote a blog post on how 2000 jobs are going to be cut due to the competitive UK insurance market. However, according to analysts from PwC, sustain[...]

Is Holiday Insurance Worth the Cost?

James Savery — 16 July 2013 04:46

Hundreds of thousands of Brits go on holiday every year. Many of us will have booked holidays to destinations such as Egypt and may not want to go any more due to the unrest that has been happening over there. If you decide not to go, your holiday insurance provider may not cover your cancellation c[...]

Insurance 'Add-Ons' Face Review

James Savery — 10 July 2013 05:14

Purchasing holidays, cars and gadgets is all well and good. However, a lot of these purchases come with compulsory insurance policies attached to them. The city regulator is beginning to review these ‘add-on’ policies in the hopes of giving consumers a better deal. The market for these ‘add-on’ insu[...]

Insurance Advice for the Self Employed

James Savery — 05 July 2013 05:30

A lot of people dream of being self-employed. No boss to answer to, work to your own schedule, take a holiday whenever you want and a chance to work at something you are really passionate about. On the other hand, there are a few downsides to not being employed by somebody else. You have to do your [...]

2000 UK Job Cuts in Competitive Insurance Market

James Savery — 26 June 2013 05:12

Direct Line is an insurance group in the UK, coming from the Royal Bank of Scotland. They have announced that they want to axe around 2000 positions this year, following suit to other insurers in the country who are all trying to reduce costs in this slow and competitive market. Direct Line are look[...]

Should Banks Insure Loans to Small Businesses?

James Savery — 25 June 2013 04:45

Phillip Blond, ResPublica director says “Mandatory loan to insure loans could build confidence in lenders to lend”. According to an influential think tank, “Banks should be forced to insure loans to small and medium sized businesses to guard against bankruptcies and encourage lending”. ResPublica ha[...]

Walmart Announces Health Insurance Cuts

James Savery — 21 June 2013 05:02

Despite record profits, Walmart have decided that they will no longer offer health insurance to fresh part-time workers in the U.S who are working less than 24 hours per week. Walmart, which is the largest private employer in the U.S, has been making the health insurance benefit available to their p[...]

Hacking Threat Promises Insurance Boom

James Savery — 20 June 2013 05:13

European Insurers have had a hard time finding a market among companies in relation to Cyber Crime. However, this may be changing in the future. For example, Sony suffered a huge data leak recently, giving hackers access to the entire database of PlayStation 3 customers. The European Union is workin[...]

Dog Bite Insurance Claims Fall While Costs Rise

James Savery — 19 June 2013 05:22

The average number of dog bite claims has fallen in the past year but the cost of each case is still rising, up by more than 50% in the last decade. Dog bites have been responsible for more than a third of all home owners insurance liability claim dollars paid out in 2012. In total, these claims cos[...]

Amateur Football Club Insurance

James Savery — 18 June 2013 05:04

Due to the ‘compensation culture’ sweeping the UK, the Football Association (FA) has been forced to set up an insurance scheme for amateur players who are liable to be sued over bad tackles. Starting next season, all players must be insured. All of the 11-a-side teams will have to pay up to £82 each[...]

Key Tips In Regards to Office Insurance

Ryan Hinegan — 09 April 2013 09:48

There will be many people who will be counting on the steady running of your office, people ranging from employees to shareholders. Should the worse happen to prevent the day to day running of your office, you will need to be confident that your firm has adequate insurance cover in place. An approp[...]

Helpful Shop Insurance Advice for Small Business

Ryan Hinegan — 04 April 2013 02:22

Whether you’re a new business venture or a company with several years trading experience behind you, every company will need insurance in place to guard them against the many potential risks and claims that can arise from running a business.

The majority of shop insurance policies[...]

Why you need Public Liability Insurance

Ryan Hinegan — 01 April 2013 04:05

A simple description of Public Liability Insurance is that it offers cover for any damage caused by the insured/policyholder to a third party person or property.

If you’re a sole trader or run a business, even having high standards of professionalism, diligence and care in place c[...]

Insurance Price Business Insurance Solutions

Homeowners Nervous Over Appointing Tradesman

Landlords Feel The Wrath Of Budget Week

Car Insurance App Ready To Tackle The Industry

Insurance Worker Has Heart Attack From Red Bull

Cyber Bullying Insurance Now Available

Axa Countering Whiplash Fraud

Zurich Insurance In Turmoil After Chief Quits

Insurance Group Hastings Surges In Harsh Climate

Phising Attacks And Your Business

Insurance Firm Zurich Suffer Massive Losses

Big Changes In The Insurance Market Cause A Rukus

Would You Let A Phisherman Reel You In

Axa Countering Whiplash Fraud

Recycle To Help The Environment And Your Business

Banks To Scrap Insurance Teaser Deals

Whiplash Insurance Scandal Increasing Premiums

Could The Google Car Spell The End Of Insurance

Personal Injury Claims Sky Rocket Car Insurance

Zurich In A Bid For More Than 5 Billion RSA

AA Informs Car Insurance Premiums On The Rise

Could it Really be the end for National Insurance

Insurance Fraud Costs Each Household Every Year

Uber Cabs Accepting Fake Insurance Documents

Life Insurance Tips To Keep You Covered

What You Need To Know About Insurance Telematics

Cardiff Insurance Business Acquired By AmTrust

Driverless Cars To Slash Insurance Costs By 2020

FCA Says Insurance Payments Need To Be Clearer

Car Insurance On The Rise For Young Drivers

Travel Insurers Finding More Ways To Refuse Claims

Premium Hike For Pet Insurance Customers

Driver Gets 1 Year Ban After Lying For Insurance

Holiday Selfies May Void Your Insurance Claim

Man Gets £10k Of Car Insurance For Just £10

You May Need Car Insurance For Your Lawnmower

China To Boost Insurance Market With Investments

FCA To Crack Down On Optional Insurance Policies

Insurers Call For Flood Defence Investment

Should Insurers Share Their Telematics Data

Couple Sentenced For Insurance Fraud

Companies Needing 650 Million In Cyber Insurance

Corporate Insurance Policies Continue To Be abused

Cyber Attack Insurance Looking Ready For The UK

Insurance Profits Double In The Chinese Sector

Catlin Secures Insurance Takeover Deal

Can You Escape High Car Insurance In 2015

Gadget Insurance Complaints Reach New Highs

Insurance Issues That Need Exposing

Chinese Plan For Bank Deposit Insurance

Insurance Firm Forcing Pet Owners To Keep Paying

Tesco Refuse To Pay Flood Insurance Victim

Insurance Directors Fined £1m By The FCA

Lloyds Bank Hit With £900m Insurance Fine

Landlord Insurance - What You Need to Know

Car Insurance Premiums Fall by 8.9%

Flood Insurance Claims On The Rise

Pet Insurance Cover & Statistics

UK's Insurance Market Set For Competitive Growth

£25bn UK Investment By Insurance Firms

Weather Insurance Could See 100% Loss Ratio

Airline Insurance Buyers Reaping the Rewards

Food Liability Insurance Made Mandatory in China

Online Insurance Market Set For Growth

Phone Insurance Cleaned up by Banks

Fake Car Insurance Scam Leads to Arrests

Flood Insurance Deal Needs Work

Georgians Are Missing Health Insurance

More Insurance Miss-Selling Accusations

Liability Insurance - UK Businesses are Lacking

Taxi Firms Cutting Their Insurance Premiums

Health Insurance Tips - Save on Your Premium

Insurance Rules to Create Accounting Issues

An Insight Into Liability Insurance

£600,000 Insurance Bill For Car Pile-Up

Pet Insurance Premiums Continue to Rise

Hong Kong's Insurance Industry Development

Insurance Fraud Scam on M57 Brought to Justice

Insurance Tips For Students

Insurance Scamming Vet Uncovered