UK and world daily Insurance news stories | Money Avenue Finance News

Texting and Driving Is Dangerous – Swinton Bikes

Thu, 17 May 2012 06:55:15 +0100

Swinton Bikes, branch of Swinton insurance company, specialising in motorbike cover, offers support for bikers who are affected by rude drivers.The survey performed...

10% of Brits Consider Making False Insurance Claim

Fri, 11 May 2012 06:43:09 +0100

The latest survey performed by MoneySupermarket revealed that 10% of Brits affected by the recession consider making a fraudulent claim to their insurance company...

20% Discount on Pet Insurance with The Co-op

Mon, 23 Apr 2012 05:45:25 +0100

One of the British insurance companies, The Co-operative, recently announced its commitment to celebrate National Pet Month. In an attempt to do so, the company...

UK Insurers Charge Costly Hidden Fees – Which?

Tue, 17 Apr 2012 06:49:21 +0100

The latest research by Which?, independent consumer group, revealed that many UK insurers charge huge hidden fees for basic changes in insurance policies and policy...

Telematics Insurance Is Safer and Cheaper for Young Drivers

Mon, 09 Apr 2012 06:46:54 +0100

According to the latest report by The Co-operative Insurance, telematics makes it safer for young Brits to drive the car.As such, the number of car crashes and serious...

British Drivers try to Avoid Parallel Parking

Fri, 06 Apr 2012 03:18:18 +0100

The latest report by Elephant, UK-based comparison website for car insurance, revealed that British drivers do not know how to use parallel parking technique.The...

UK Insurers Sign an Agreement to Offer Cover for Older Brits

Thu, 05 Apr 2012 07:12:00 +0100

Yesterday, on April 4th the Association of British Insurers that it has made an agreement with the UK Government and the British Insurance Brokers' Association.Under...

UK Drivers Do Not Know Speed Limits

Mon, 02 Apr 2012 07:19:54 +0100

According to the latest report by LV= Insurance, the vast majority of UK drivers do not know the speed limits on different roads. As such, over 70% of motorists...

UK Car Insurance Premiums Fall by 0.8% in March

Wed, 28 Mar 2012 05:27:24 +0100

According to the latest report, Tiger Watch, by Tiger, UK comparison website the price of car insurance fell by 0.8% in March 2012. This took the annual fall in...

PPI Claims Successful in 11% of Cases – Which?

Fri, 23 Mar 2012 04:47:44 +0000

In its latest report, UK independent consumer group Which? warns Brits against the purchase of payment protection insurance, PPI.In the first place, the Financial...

UK Drivers Expect to Switch to Telematics Technology

Mon, 19 Mar 2012 06:03:13 +0000

According to the latest research by UK comparison portal GoCompare, over 60% of British drivers believe that insurance companies will switch to "black box" or telematics...

Brits Should Check Their Garden Insurance – Aviva

Wed, 14 Mar 2012 06:29:51 +0000

According to the latest study by Aviva, UK-based insurance company, garden theft increases by 25% when the clocks go forward. Last year, the average haul amounted...

Top 3 Unobvious Fire Hazards Revealed by Swinton

Mon, 05 Mar 2012 06:52:40 +0000

Recently, Swinton insurance company released a list of fire hazards, which is believed to help Brits spot uncommon problems that oftentimes lead to house fires.In...

Homeowners Can Win 1,000 Pounds by Shopping Around

Fri, 02 Mar 2012 06:55:01 +0000

UK price comparison website, Confused recently announced a giveaway of 4 1,000 pounds certificates among its users who leave a quote for home insurance.This giveaway...

UK Insurance Websites Fail to Meet Customers’ Needs

Mon, 27 Feb 2012 06:38:28 +0000

According to the latest repost by Global Reviews, "UK Insurance Benchmark Survey," over 25% of British insurance websites do not meet the needs of consumers.The...

TomTom and Motaquote to Offer New GPS-based Insurance for UK Drivers

Wed, 15 Feb 2012 07:04:29 +0000

Last week Dutch GPS provider TomTom and UK insurance company Motaquote announced they have teamed up to offer Brits affordable and fair car insurance product.Drivers...

Travel Insurance Costs Double for Elderly Brits

Mon, 30 Jan 2012 06:40:35 +0000

Investigation recently carried out by Money Mail revealed that many high street insurance companies in the UK have increased travel insurance premiums for elderly...

Insurance Companies Offer Higher Premiums for Unemployed Drivers

Tue, 24 Jan 2012 07:06:30 +0000

According to the latest report by BBC, most British insurance companies offer higher premiums for unemployed customers.The research performed by BBC experts revealed...

UK Home Insurance Premiums Rise by 10% in 2011

Mon, 23 Jan 2012 06:37:00 +0000

According to the latest report published by AA Insurance, home insurance prices have risen by 10% in 2011.The British Insurance Premium Index by AA revealed that...

Great Discounts on Insurance Products from Aviva

Thu, 19 Jan 2012 06:45:14 +0000

Aviva, one of the leading UK insurance providers, decided to follow in the footsteps of other insurance companies as it announced great discounts yesterday, on January...

Car Insurance Sale from Direct Line Insurance

Tue, 17 Jan 2012 05:54:37 +0000

As the new year begins, Direct Line insurance offers its new and existing customers great deals on car insurance allowing to save up to 20% off any policy.On Monday...

AXA Improves Its Healthcare Insurance Policies

Thu, 12 Jan 2012 05:37:40 +0000

Yesterday, on January 11th UK insurance provider AXA announced that it introduces changes to its healthcare insurance policy with immediate effect for those policyholders...

New Travel Insurance Product Launched by Hiscox

Thu, 15 Dec 2011 04:48:31 +0000

On Tuesday, December 13th Hiscox specialised insurance provider announced that it has launched a brand new travel insurance policy, which is available for purchase...

Brits Do Not Know How to Drive in Winter

Fri, 09 Dec 2011 05:26:19 +0000

The latest survey performed by Sainsbury's insurance revealed that many UK drivers simply do not know how to behave on icy and snowy roads, thus risking accidents...

New Car Insurance Provider Launched in UK

Thu, 08 Dec 2011 06:18:19 +0000

Yesterday, on December 7th, the launch of a new insurance company for young drivers was announced. The INGENIE company was founded by Gary Lineker, former UK football...

UK Insurers Will Not Punish Drivers for Winter Tyres

Tue, 06 Dec 2011 05:27:23 +0000

In the very beginning of December, the Association of British Insurers said that UK insurance companies should not impose higher premiums on those motorists who...

LV Insurance Offers Extensive Cover for Travellers

Fri, 02 Dec 2011 08:31:43 +0000

Yesterday, on December 1st, one of the leading UK insurance companies, Liverpool Victoria, also known as LV Insurance, announced the launch of an all-new travel...

Winter Sports Equipment Not Covered by Travel Insurance

Thu, 24 Nov 2011 04:58:23 +0000

A study by Defaqto revealed that most insurance providers in the UK do not offer protection for winter sports equipment.The latest research of UK insurance market...

Drive Rules for Young Drivers Need to Be Tightened – ABI

Wed, 23 Nov 2011 02:15:43 +0000

The Association of British Insurers calls upon the UK government to tighten driving rules for young drivers to reduce death and injuries in car accidents.In its...

Barclays Partnered with Aviva and L&G

Fri, 11 Nov 2011 06:20:55 +0000

One of the leading UK banks signed an agreement with 2 major insurance companies, Aviva and L&G, for popular insurance products.Barclays recently signed an agreement...

Interest-free Installment Plan Offered by Direct Line

Mon, 07 Nov 2011 06:21:32 +0000

One of the British insurance companies, Direct Line, recently launched an installment plan for car owners at no extra charge.Direct Line insurance provider offers...

CI Insurance by Aviva Gets Better

Tue, 18 Oct 2011 07:06:00 +0100

UK insurance provider Aviva does its best to attract new customers by creating new insurance products and enhancing the terms on existing ones. This time, the...

New Family Car Insurance Launched by Aviva

Mon, 17 Oct 2011 07:14:51 +0100

Car insurance for large families is now available from a leading UK insurance provider, Aviva.Well-known British insurance company, Aviva, recently announced...

Towergate Warns Brits of Possible Burglaries

Thu, 06 Oct 2011 06:57:17 +0100

UK insurance companies expect burglaries and insurance claims to increase during the winter months and that it why they recommend homeowners to take safety...

Brits Spend Thousands of Pounds on Home Improvements

Thu, 22 Sep 2011 07:04:11 +0100

Brits, inspired by TV reality shows, spend over 60,000 pounds on home improvements, says Esure.A recent research carried out by Esure home insurance revealed...

LV= Insurance Revealed Its IP and CI Payouts

Tue, 30 Aug 2011 05:54:40 +0100

UK insurance company, LV=, recently published a report, in which it revealed its critical illness and income protection payouts.LV= said it paid out 93% of...

UK Drivers Ignore the Speed Limits

Fri, 26 Aug 2011 12:56:51 +0100

UK car insurance company Autocar found out that almost all Brits do not care about the speed limits, which definitely leads to numerous car crashes.The...

PPI Complaints in UK Rise by 25-30%

Sun, 21 Aug 2011 05:24:15 +0100

The number of Brits complaining about mi-selling of payment protection insurance increased by 25-30% in the first half of 2011.Two largest banks in Great...

Careless Drivers Might Face Increases in Car Insurance Premiums

Wed, 20 Jul 2011 04:20:16 +0100

The latest research carried out by comparison website Moneysupermarket revealed that 8 out of 10 UK drivers get distracted when driving. The most popular...

UK Crime Level Linked to Economic Downturn – Legal & General

Tue, 19 Jul 2011 07:10:26 +0100

Legal General, one of the leading UK insurers, published its response to the British Crime Survey. In the opinion of L G experts, there is a strong...

Fraud Register to Be Launched by the Association of British Insurers

Mon, 18 Jul 2011 05:53:07 +0100

It was recently revealed that the Association of British Insurers plans not only to fund the specialised police department in London, but also to develop and...

Brits Fail to Report Home Crime

Fri, 15 Jul 2011 06:00:20 +0100

Figures recently revealed by Direct Line insurance company suggest that a large number of homeowners in Yorkshire fail to report crime. The tendency began with...

UK Insurers to Fund London Police

Wed, 13 Jul 2011 07:07:50 +0100

Yesterday, on July 11th it was announced that UK insurance companies will fund a new specialist police department that will investigate and fight insurance...

UK Car Insurance Premiums to Be Investigated by MPs

Mon, 04 Jul 2011 07:05:17 +0100

As it was reported a few days ago, the Members of the British Parliament will investigate the issue of rising car cover premiums. They have announced their...

UK Insurance Fraud Unknown to Brokers

Thu, 16 Jun 2011 05:07:23 +0100

A research recently carried out by UK insurer Legal General revealed that only a third of brokers clearly understand what fraud is.As such, over a half of...

Barclays to Recompensate all PPI Claims

Wed, 15 Jun 2011 04:53:57 +0100

One of the leading UK banks, Barclays, announced it will pay back all the money to its clients who were missold payment protection insurance.Let us remind that...

Most Dangerous Cars Named by Insurance Website

Mon, 13 Jun 2011 06:35:23 +0100

A recent study conducted by one of the popular British websites, Confused dot com, revealed the most crash-prone cars.The top 10 of dangerous cars was compiled...

Half of Scots Have Life Insurance Policy

Fri, 10 Jun 2011 06:57:01 +0100

A recent research carried out by Scottish Widows revealed that Scots are more likely than other UK nationals to have life assurance and critical illness...

Aviva Highlights the Importance of Home Insurance

Wed, 08 Jun 2011 07:09:26 +0100

According to experts at Aviva, tent is not the only cover that Brits will need this summer at music festivals.The company's estimates suggest that around 50%...

Travel Insurance Is a Must for Trips Abroad

Mon, 06 Jun 2011 04:06:05 +0100

The Foreign and Commonwealth Office reminded all Brits who plan to visit their friends and relatives abroad this summer that insurance is more important than...

Life Insurance Payments to be Sped Up

Thu, 26 May 2011 07:10:56 +0100

Under new guidelines published earlier this week, those are bereaved will be able to access life insurance payments much sooner than previously. The...

Ash Cloud Threatens to Disrupt Air Travel

Wed, 25 May 2011 07:00:00 +0100

UK traveller s plans appear to be in jeopardy after another volcanic eruption in Iceland, this time from the Gr msv tn volcano. The eruption could have...

Older Customers Struggle to Get Travel Insurance Deals

Tue, 24 May 2011 07:00:00 +0100

Research released by consumer advocacy group Which? Has highlighted the difficulty which older travellers face when trying to purchase ...

Britain Branded ‘Whiplash Capital of Europe’

Fri, 20 May 2011 07:00:00 +0100

The Association of British Insurers yesterday called for the government to take action against what it called a pain in the neck culture , which it insisted...

50% In the UK at risk Without Life Insurance

Fri, 06 May 2011 08:07:39 +0100

It has emerged that more than half of all adults in the UK do not hold a life insurance policy. According to the research, conducted by insurance provider...

Home Insurance Premiums on the Rise

Wed, 04 May 2011 07:13:48 +0100

Market research carried out by UK-based comparison website Moneysupermarket, revealed that property insurance premiums in Great Britain rose by 6% from January...

ABI Launches Travel Insurance Guide

Tue, 26 Apr 2011 08:09:27 +0100

As summer is round the corner, the Association of British Insurers (ABI) launched a consumer guide to travelling insurance. It aims to help Brits understand...

Car Insurance Premiums on the Rise

Thu, 14 Apr 2011 06:30:00 +0100

Figures released by the AA yesterday suggested a major upsurge in the cost of car insurancein the past year, with a record 40% increase in the 12 months to...

Workers Without Income Protection are at Risk

Tue, 12 Apr 2011 07:00:00 +0100

Research conducted by public policy think tank Demos and commissioned by Unum has shed light on the serious vulnerability individuals could experience due to a...

UK Life Insurance Sector Sees Stable Growth

Fri, 08 Apr 2011 07:07:49 +0100

A new report published lately by the Confederation of British Industry and PricewaterhouseCoopers (PwC) revealed that UK life insurance sector has seen growth...

UK Homeowners Shouldn’t Leave Homes Unattended

Thu, 07 Apr 2011 08:35:10 +0100

Towergate Insurance, UK-based provider of boat, caravan, car, property and business insurance, warned UK homeowners and landlords against leaving uninsured...

Pet Insurance Is Cheaper than Dog Food

Mon, 04 Apr 2011 07:52:09 +0100

A recent study carried out by Good Housekeeping magazine revealed that an average Brit spends 30,000 to keep a dog over its lifetime. This figure includes not...

AXA Identifies Hazardous Young Drivers in UK

Mon, 28 Mar 2011 08:33:29 +0100

A recent research by AXA, UK insurance company, revealed that there are approximately 1.5 million of so-called "stop start" drivers in Great Britain.This...

Home Insurance Premiums on The Rise

Fri, 25 Mar 2011 07:31:12 +0000

In the wake of a rise in fraudulent claims new research from moneysupermarket.com has indicated a significant 6% average rise in the cost of house insurance...

UK Insurers Comment on Travel Insurance and Trips to Japan

Wed, 23 Mar 2011 07:44:46 +0000

Terminal U, popular source of air and travel news, published a report on March, 22nd, in which it gives advice to UK tourists travelling to Japan.The magazine...

Co-operative Launches New Car Insurance for Young Drivers

Mon, 21 Mar 2011 08:31:32 +0000

Co-operative insurance has launched a new product, which is aimed at young drivers who value their money and life.Premiums, which will be based on the driving...

New Travel Insurance Comparison Portal Launched in UK

Mon, 07 Mar 2011 06:56:13 +0000

A new website for those who prefer to compare insurance prices before buying cover policy has been launched by Leaving on a Jet Plane Ltd.It aims to not only...

Insurers Braced for Equality Ruling

Tue, 01 Mar 2011 07:00:00 +0000

A critical ruling with significant implications for the future of the insurance industry is due to be delivered tomorrow (Tuesday 1st). The European Court of...

More Brits Plan to Buy Travel Insurance – TripAdvisor

Mon, 28 Feb 2011 08:49:08 +0000

The annual survey, Travel Trends, carried out by a popular website TripAdvisor revealed that at least 10% of Brits plan to travel more in 2011 than they did in...

Many UK Customers Losing Out by Not Switching Home Insurance

Wed, 23 Feb 2011 07:01:09 +0000

House insurance customers in Britain are wasting an overall total of 1.7 million by failing to switch provider, new figures from price comparison website...

Brits Find Car Insurance Too Expensive

Tue, 22 Feb 2011 08:32:39 +0000

According to the latest research by comparison website Money Supermarket, more and more Brits turn to fuel efficient cars as auto insurance premiums rise.As...

AXA Insurance Reports 24% Fall in Profits

Fri, 18 Feb 2011 09:00:07 +0000

On Thursday, February 17th, AXA - the second largest insuring company in the European Union - announced it profits fell by 24% in 2010.The dramatic decrease is...

UK Car Insurance Premiums Might Increase by 50%

Tue, 15 Feb 2011 08:52:21 +0000

As we have already reported, the EU might introduce new insuring rules should gender discrimination in this sector be outlawed.The decision is to be made next...

Brits Scared of Driving Overseas

Fri, 04 Feb 2011 09:42:07 +0000

The latest opinion poll carried out by Carrentals, UK-based car rental service, revealed that Brits are scared of driving overseas.Such factors as unfamiliar...

Home Insurance Claims Most Popular Among Fraudsters

Tue, 18 Jan 2011 08:18:16 +0000

A recent report published by the Association of British Insurers (ABI) suggests that home insurance is the main target of fraudsters so far. Their research...

Brits Choose Not to Buy Critical Illness Insurance

Mon, 17 Jan 2011 07:28:33 +0000

A recent research carried out by HSBC bank showed that many Brits (74% of those surveyed) are planning to make key changes to their lives in 2011.However,...

Admiral Sells Its German Car Insurance Business

Mon, 10 Jan 2011 07:51:55 +0000

Admiral, a UK-based automobile insurance company that specialises in provision of cover for young drivers, announced the sale of its German business,...

Breakdown Cover Gift Cards Launched by RAC

Tue, 14 Dec 2010 07:56:37 +0000

RAC - a UK-based vehicle breakdown providing services and products for motorists - announced the launch of a gift card worth 29.This is a special Christmas...

UK Life Insurance Industry to Grow in 2011 – Swiss Re

Mon, 13 Dec 2010 08:15:24 +0000

Summing up the market trends for 2010 and making forecasts for the year of 2011, Swiss Re, global life cover company, said that the industry of insurance and...

Brits Ignore Income Protection Insurance

Wed, 08 Dec 2010 04:49:28 +0000

The latest research carried out by Scottish Provident's Financial Safety Net suggests that more than half of UK consumers have no financial protection.As...

Beware of Home Burglars This Christmas

Tue, 30 Nov 2010 08:31:43 +0000

In the run up to Christmas, Towergate, UK-based specialist insurance company, warned homeowners against burglars who might steal cash and/or valuable...

UK Consumers Buy Cheap Life Insurance – Datmonitor

Mon, 29 Nov 2010 08:05:12 +0000

A recent research carried out by Datamonitor - independent provider of business data, analysis and opinion - showed that British consumers are too focused on...

Over 26,000 Motorcycles Stolen in UK Annually

Fri, 26 Nov 2010 08:59:10 +0000

A recent research carried out by Express Insurance - UK-based specialist motorcycle insurer - showed that bikers are highly unlikely to see their stolen...

Pet Insurance Finalists of Moneyfacts Awards Listed

Tue, 23 Nov 2010 07:12:14 +0000

Consumer Moneyfacts Awards is the annually held awards ceremony, which gives UK consumers an opportunity to leave their honest feedback on various financial...

Chaucer to Promote Its UK Car Insurance Brand

Mon, 22 Nov 2010 09:36:21 +0000

Chaucer, a British division of Chaucer Holdings Plc, will develop a direct brand for its motor insurance in Great Britain. This move comes in the framework of...

UK Auto Insurance Premiums Rise by 40%

Mon, 15 Nov 2010 05:42:20 +0000

The latest research carried out by the AA showed that UK car insurance premiums rose by as much as 40% in the past year due to the increase in fraudulent...

Handbag Dogs Need to Be Covered by Pet Insurance

Fri, 12 Nov 2010 08:03:05 +0000

Sainsbury's Pet Insurance recently announced that handbag dogs are becoming more and more popular in Great Britain as they are being "promoted" by...

Parents Urged to Take Care of Buggies – Halifax Home Insurance

Tue, 09 Nov 2010 08:06:33 +0000

An unexpected report was published by Halifax Home Insurance on November 6th, 2010. The research carried out by the company suggests that sales of baby...

Break-through Technology Introduced by Incident Support Group

Fri, 05 Nov 2010 05:34:39 +0000

A break-through technology that enables incident managers to get an alert every time the vehicle gets involved into a collision has been developed and launched...

Brits Should Buy Insurance when Going Christmas Shopping

Wed, 03 Nov 2010 07:35:47 +0000

As holidays are approaching, many Brits might head out to other European countries for Christmas shopping.Many of them, however, might neglect trip insurance...

Spending Cuts to Affect UK Motorcyclists - Swinton Insurance

Mon, 01 Nov 2010 08:38:41 +0000

The spending cuts announced by George Osborne might lead to a decrease in the safety of UK motorcyclists, warns Swinton Bikes, British insurance company...

Income Protection Insurance Might See Increased Demand

Fri, 29 Oct 2010 06:39:28 +0100

The Comprehensive Spending Review published by the UK Government was followed by a statement of Income Protection Task Force.Its co-chairman, Mr. Waller...

Almost 20% of Brits Lack Travel Insurance - ABTA

Tue, 26 Oct 2010 08:17:59 +0100

2010 ABTA Consumer Trends survey carried out by ABTA, UK-based travel association, showed that 19% of British holidaymakers are at risk of facing huge bills...

The Great Big Rabbit Survey Launched by RSPCA

Tue, 26 Oct 2010 07:50:07 +0100

According to a report published Animal Friends Insurance Services, anyone who owns or loves rabbits can participate in the project launched by the Royal...

PruProtect Critical Illness Insurance Covers 161 Conditions

Mon, 25 Oct 2010 08:26:07 +0100

PruProtect, a UK provider of health and life insurance, announced that it has expanded its list of serious illness conditions by adding 8 new, 7 of which are...

Sale of Payment Protection Insurance Might Be Banned

Fri, 22 Oct 2010 06:20:38 +0100

The British Competition Commission announced that it plans to work on the introduction of a ban on sale of payment protection insurance (PPI) alongside with...

Reckless Drivers Make Car Insurance Expensive

Tue, 19 Oct 2010 09:01:12 +0100

A recent report published by Young Marmalade, provider of insurance and cars for young drivers, suggests that the premiums Brits pay can be significantly lower...

Tesco to Enter UK Life Insurance Market

Fri, 15 Oct 2010 06:26:29 +0100

Tesco, a UK retailer, is expected to expand its range of financial services by entering the market of life assurance. The company, which is already present on...

Fortis UK to Provide Travel Insurance for Tesco Bank

Wed, 13 Oct 2010 06:47:06 +0100

Recently Tesco Bank announced it has agreed a £59 million deal with Fortis UK, according to which the latter will provide travel insurance to thousands...

Canada Life UK Launches New Critical Illness Cover

Mon, 11 Oct 2010 08:52:24 +0100

A recent report by the group insurance division of Canada Life UK showed that 70% of employees have no critical illness cover. Only 50% of those questioned by...

UK Consumers Lack Life Insurance – Scottish Provident

Thu, 07 Oct 2010 07:31:41 +0100

The research carried out by Scottish Provident, a British insurance company, showed that almost one third of UK consumers have no life cover.This trend,...

UK Motorcyclists Have Sunday Bikes – Swinton Insurance

Tue, 05 Oct 2010 09:18:30 +0100

The latest research carried out by Swinton Insurance, one of the leading providers of bike cover in the UK, revealed that one in three Brits have more than one...

British Insurance to Support Public Sector Workers

Fri, 01 Oct 2010 08:07:21 +0100

As the British Government plans to cut thousands of state jobs, most providers of UK mortgage payment protection insurers are being restrictive by increasing...

Express Insurance to Be Advertised on Facebook

Mon, 27 Sep 2010 07:20:19 +0100

The cooperation between Tamar - the leading British agency specialising in search and social conversion - and Express Insurance aims to strengthen the position...

UK Car Insurers Call for Teenagers Driver Licences

Thu, 23 Sep 2010 08:11:42 +0100

A recent research carried out by Cardiff University suggests that the number of road incidents and deaths could be significantly decreased if driver licences...

Tesco Offers 20% Off Pet Insurance

Mon, 20 Sep 2010 07:07:08 +0100

British pet owners can now take advantage of the discounted offer introduced by one of the market leading pet insurers in the country. Tesco, a UK bank, has...

Aviva Pays Out 93% of Critical Illness Claims

Thu, 16 Sep 2010 12:09:28 +0100

In its latest report, Aviva, one of the leading British insurance companies, claimed that it upheld 684 critical illness (CI) claims in the first 6 months of...

Lloyds Banking Group Gets the Most of Complaints

Wed, 15 Sep 2010 07:39:04 +0100

The report of the Financial Ombudsman Service suggests that the number of complaints about inappropriate sale of payment protection filed by borrowers of the...

Zurich Insurance Fined by FSA for Data Loss

Mon, 13 Sep 2010 11:02:32 +0100

Financial Services Authority, Britain's financial regulator, announced it imposed a huge fine on Zurich Insurance, a leading European insurance provider. The...

BIBA Helps Brits Find Home Insurance

Tue, 07 Sep 2010 08:36:40 +0100

Most of the time, it is not very challenging to shop for the right house insurance online. The vast majority of high-quality comparison websites make it easy...

AA Reports Dramatic Increase in Insurance Premiums

Tue, 07 Sep 2010 08:23:31 +0100

According to a new research, the results of which were published on Saturday, September 4th, the cost of car insurance in Great Britain is growing at the...

Sainsburys Insurance Alarmed by Pet Owners’ Behaviour

Wed, 18 Aug 2010 07:16:45 +0100

Sainsburys Insurance, one of the leasing British firms providing cover, has carried out a research among pet owners and learned that almost 2.88 million people...

New Income Protection Insurance Launched by Paymentshield

Tue, 17 Aug 2010 07:42:53 +0100

Paymentshield, a British firm specialising in delivery of high-quality insurance products and services, has announced the launch of IncomeShield, a new...

RSA Launches New Self-Administrated Car Insurance Scheme

Mon, 16 Aug 2010 07:46:06 +0100

RSA has introduced a fresh online car insurance scheme called "RSA e-choice", giving clients the possibility to tailor their policy to suit their...

World First Travel Insurance Enjoys 400% Growth

Fri, 13 Aug 2010 08:35:04 +0100

World First Travel Insurance, a UK-based insuring agent specialising in provision of holiday and worldwide travel cover, announced a number of new appointments...

Skandia Leaves UK Critical Illness Insurance Market

Thu, 12 Aug 2010 07:43:17 +0100

The British branch of Skandia, a world leading provider of high-quality solutions for long-term savings, investments and insurance, has announced it will leave...

Cheap Breakdown Cover Introduced by Autosure

Tue, 10 Aug 2010 07:44:59 +0100

Autosure, a European car insurance company, has recently introduced a new product for car owners.Its new pan-European breakdown policy is considered one of the...

UK Motorbike Insurance Premiums Fall by 3%

Fri, 06 Aug 2010 07:16:10 +0100

The largest UK provider of motorbike insurance - Carole Nash - published a report on Wednesday, August 4th, which suggests that bike insurance premiums fell in...

Lloyds No Longer Sells Mortgage Payment Protection

Wed, 04 Aug 2010 07:37:50 +0100

One of the leading UK lenders, government-owned Lloyds Banking Group announced it will no longer sell payment protection.Payment protection insurance, also...

Climate Change to Affect UK Home Insurance Premiums

Wed, 04 Aug 2010 07:27:34 +0100

The Association of British Insurers warned against possible rises in the cost of house insurance policies.In the opinion of the organization's experts, recent...

ABI Requests for Flood Defences to Stop Insurance Price Growths

Mon, 02 Aug 2010 07:39:58 +0100

The Association of British insurers (ABI) wants the government to invest in flood defences, despite concentrating on spending cuts.In the speech at the Local...

IAG Loses 50% of Net Income Because of UK

Wed, 28 Jul 2010 08:00:50 +0100

On July 27th, IAG, Insurance Australia Group Limited, revealed that its net income fell to $82 million this year, down from $163 in 2009, thus marking an...

UK Fraud Insurance Claims Rise by 14%

Mon, 26 Jul 2010 07:50:33 +0100

The latest report of the Association of British Insurers (ABI) confirms the recent speculations on the growing number of fraudulent insurance claims.According...

Income Protection Insurance Undervalued - Unum

Wed, 21 Jul 2010 12:34:33 +0100

The latest research carried out by Unum, a UK group specialising in life and income protection insurance for employers and employees, showed that most British...

Need Car Insurance? Compare to Save £200

Tue, 20 Jul 2010 07:32:31 +0100

The premium index of the Automobile Association, the biggest car insurance provider in the UK, showed that comparison is extremely important when choosing...

UK Car Insurance Premiums Rise by 14%

Fri, 16 Jul 2010 07:20:36 +0100

The latest data revealed by EMB Car Insurance Price Index in cooperation with online portal Confused shows that costs associated with insuring car in the UK...

Travel Insurance Market Changes

Mon, 12 Jul 2010 08:11:41 +0100

Swiftcover's latest research shows that more British people choose adventurous vacations. As many as, 23 per cent of surveyed wouldn't miss an...

Kwik-Fit and Fortis:A Transaction At The Price of £215 Million

Mon, 05 Jul 2010 08:05:01 +0100

Kwik-Fit Group sold its UK Insurance business (KFFS) to Fortis UK for £215 million. According to Ian Franser, Chief Executive of Kwik-Fit, the selling of...

Non-smokers Pay Lower Critical Illness Premiums

Wed, 30 Jun 2010 07:30:55 +0100

According to a recent research carried out by Moneysupermarket and dedicated to the 3rd anniversary of the smoking ban in the UK, ex-smokers managed to save a...

Fortis Life Enhances Critical Illness Cover

Thu, 17 Jun 2010 08:47:09 +0100

One of the leading UK insurance providers - Fortis Life - has announced a revamp to some of its insurance plans.According to the company's representative, the...

Travel Insurance Sales Soar

Fri, 11 Jun 2010 08:15:05 +0100

The research carried out and released on Tuesday, June 8th, by Defaqto showed that the number of Brits taking out travel insurance in the UK has dropped...

Brits Lack Individual Income Protection

Wed, 09 Jun 2010 09:00:00 +0100

It has been estimated that almost 80% of UK workers have no income protection cover. As such, Mr. Roger Edwards, protection director at Bright Grey - UK...

Better Critical Illness Insurance

Wed, 02 Jun 2010 08:00:12 +0100

Critical illness insurance has become more attractive in the past months, as the large number of British insurance providers have enhanced the terms of their...

Public Sector Workers Urged to Hurry

Thu, 27 May 2010 08:15:00 +0100

As the new UK government is set to cut public spending and as thousands of British workers are facing the threat of unemployment, individual income protection...

UK Women Lack Critical Illness Insurance

Fri, 21 May 2010 08:00:00 +0100

The recent research carried out by AXA Life - a major UK insurance provider specialising in such spheres as life, health, pensions and general insurance -...

RBS Plans to Cut More Jobs.

Tue, 11 May 2010 17:04:36 +0100

The RBS will cut 2600 more jobs over the course of next year; the majority of redundancies are expected to be in the insurance and retail banking sectors.This...

Pothole Damages May be Covered by Insurance

Thu, 29 Apr 2010 16:36:10 +0100

A recent report published by Defaqto, an independent research company, sais that the UK car insurance agencies pay out compensation for damages caused by...

Young People Ignore Life Insurance

Thu, 29 Apr 2010 12:55:14 +0100

The latest research carried out by LifeSearch - leading UK insurance broker - showed that the number of young Brits purchasing insurance is...

Pros and Cons of Motorbike Test Centres

Tue, 27 Apr 2010 08:34:44 +0100

Following the changes in EU law, a new test for beginner motorcyclists has been introduced. As a result, new super-testing centres were created by the...

Hopes and Fears of Quinn Insurance Employees.

Tue, 27 Apr 2010 07:45:00 +0100

Since one of the largest Irish companies, Quinn Insurance, has been banned by the Financial Regulator from doing business in the UK on March 30th,...

UK Life Insurance Market Recovers - CBI

Wed, 21 Apr 2010 08:00:00 +0100

Results of the survey carried out by the Confederation of British Industry (CBI) showed that UK life insurance businesses have seen stable growth of income in...

MPPI Prices Boost as the Number of Unemployed Increases

Sun, 28 Mar 2010 12:44:15 +0100

As the number of unemployed increases the cost of mortgage payment protection (MPPI) rises. The news that over 20,000 people noticed MPPI cost jump by almost...

Criminals to Blame for the Rise of Home Insurance Cost

Sun, 28 Mar 2010 12:39:10 +0100

Homeowners face the home insurance price rise because of criminals who surf social networks like Facebook and Twitter for homeowners who are away on holiday....

Marks & Spencer Insurance Alarmed as the Clocks Go Forward

Sun, 28 Mar 2010 12:34:07 +0100

As the clocks went forward tonight Mark & Spencer car insurance company warned drivers to keep awake while driving.According to the poll 42% of Brits admit...

Budget Break for Breakdown Cover Customers

Sun, 28 Mar 2010 12:30:47 +0100

According to the Budget approved on March 24th proposed breakdown cover customers might be given a welcome reprieve.Alistair Darling Chancellor of the...

Compulsory Pet Insurance for Staffordshire Terriers not Supported in Commons

Sat, 27 Mar 2010 14:30:43 +0000

A member of parliament has defended the reputation of Staffordshire bull terriers during the debate about mandatory pet insurance in the House of Commons.Last...

Cirencester Friendly Pays 94% of Individual Protection Claims

Sat, 27 Mar 2010 13:44:38 +0000

Cirencester Friendly Society, one of the major income protection providers, has published its data on IP claims made in 2009. According to the report...

Aviva Offers New Group Income Protection Product

Sat, 27 Mar 2010 07:11:11 +0000

Aviva, one of the UK largest insurance groups has launched a new group income protection product. The product has two new features – the lump sump option...

Axa to Terminate Its Contract with Berkeley Alexander

Fri, 26 Mar 2010 18:10:26 +0000

One of the largest insurers in the UK has announced that it is going to terminate its contract with insurance broker Berkley Alexander to underwrite two...

90% Critical Illness Claims Paid in 2009 by LV=

Fri, 26 Mar 2010 11:50:11 +0000

LV= or Liverpool Victoria group of companies published 2009 protection claims record. It shows that 90% of all claims were paid across critical illness and...

Charity Organisations Call to End Travel Insurance Discrimination

Fri, 26 Mar 2010 11:46:19 +0000

Help the Aged and Age Concern object discrimination of the elderly by travel insurers. Charity organizations' report suggests that 30% of insurance...

Two AIA Senior Executives to Leave Because of Prudential Takeover

Thu, 25 Mar 2010 17:33:58 +0000

Two senior executives will leave before Prudential takeover of AIA, according to a source familiar with the situation in the company. Chief Legal Counsel Peter...

Householders Warned not to Post Holiday Details on Social Networks

Wed, 24 Mar 2010 15:33:30 +0000

The Association of British Insurers warned homeowners not to post their holiday plans on the Net. According to the data presented by the Association about 40%...

Road Safety Charity Launches Campaign to End Drug Driving

Tue, 23 Mar 2010 12:23:26 +0000

One of the UK road safety charities has launched a public support campaign against drug driving in the UK. This problem affects safety on UK roads as well as...

Breakdown Cover Company Says Drivers Pay for Cold Winters

Tue, 23 Mar 2010 11:43:28 +0000

According to RAC, UK drivers spent £1.9bn on their vehicles because of the recent cold and icy weather conditions. The insurance and breakdown cove...

State Owned Banks Overcharge for Their Insurance Products

Tue, 23 Mar 2010 10:16:03 +0000

Daily Mail has presented its research findings on insurance products offered by state owned banks in the UK. It turns out that the banks which have been bailed...

UK Government to Tackle the Animal Threat on the Customers’ Expense

Tue, 16 Mar 2010 19:17:21 +0000

In order to have the number of dangerous pets under control, the government considers launching another pet tax. Compulsory micro-chipping might be the next...

AVIVA to Dominate in Group Critical Illness Insurance Market

Tue, 16 Mar 2010 18:26:00 +0000

Aviva has launched a new group critical illness product. It is one of the lead insurance companies in the market that now wants to dominate the group...

Giving up smoking could reduce life insurance costs

Thu, 11 Mar 2010 20:46:53 +0000

Recent research shows that 65% of British smokers want to give up their habit. According to the insurance company Aviva, quitting is not only a great way to...

Holidaymakers reminded to take care of their travel insurance

Thu, 11 Mar 2010 20:07:37 +0000

New research commissioned by Aviva has revealed that unusually cold winter has made many people want to spend their holidays abroad.However, potential...

Motorcyclists Help to Boost UK Economy According to MCI Research

Thu, 11 Mar 2010 15:53:16 +0000

A recent research has shown that motorcyclists contribute up to £3 billion a year to the UK economy. This figure includes taxes from motorbike sales as...

Critical Illness Insurance Payouts Reach 93% at Bright Grey

Mon, 01 Mar 2010 12:51:09 +0000

Bright Grey announces that its payouts on critical illness insurance claims reach 93%.

Brokers Urged Not To Ignore Mortgage Payment Protection Insurance

Mon, 01 Mar 2010 12:50:07 +0000

Mortgage payment protection insurance, although has been troubled lately, remains an important cover for mortgage borrowers.

Simple Term Life Insurance Launched by FBFS

Mon, 01 Mar 2010 12:48:33 +0000

Farm Bureau Financial Services launches Simple Term Life Insurance to meet the needs of Americans looking for simple contracts.

More Americans Buy Pet Insurance

Fri, 26 Feb 2010 13:03:06 +0000

Overview of the US insurance market showed that the trend of purchasing pet insurance is constantly growing.

High-skilled Professionals Offered Better Income Protection Cover

Fri, 26 Feb 2010 13:02:33 +0000

Individual income protection for high-skilled professionals has finally been extended by some of the UK insurers.

Group Income Protection Attracts More and More Businesses

Fri, 26 Feb 2010 13:01:51 +0000

GRiD research showed that UK businesses are dissatisfied with Government’s funding of sick days.

ACE Appoints New Director to Its Travel Insurance Department

Fri, 26 Feb 2010 13:01:14 +0000

ACE has recently announced the appointment of a new regional director to its travel insurance department.

Social Networks Might Lead to a Rise in Home Insurance Premiums

Fri, 19 Feb 2010 14:04:33 +0000

Home insurance providers become increasingly concerned over the growing number of burglaries caused by homeowners’ negligence.

Diva Insurance Publishes New Survey Results

Fri, 19 Feb 2010 13:13:38 +0000

Diva Insurance survey showed that women are concerned over the looks of breakdown recovery men.

UK Van Drivers Concerned Over Fire and Accidental Damage Cover

Fri, 19 Feb 2010 12:54:28 +0000

Almost half of UK van drivers pay greater attention to fire and accidental damage cover than to other insurance criteria.

UK Car Insurance Premiums to Rise by 5% Next Year

Wed, 03 Feb 2010 12:06:49 +0000

The research carried out by Deloitte LLP, a leading international consulting and accounting company, suggests that British car insurers might soon raise premiums by at least 5%. Their possible move can be explained by a decline in investment returns in 20

UK Insurance Premiums Fell by 18% in 2008 - IFSL

Wed, 03 Feb 2010 11:59:28 +0000

According to the latest research carried out by the International Financial Services London – a non-profit independent organisation promoting UK financial services – the market of insurance in Great Britain fell by 18% last year, and reached £215.3 billio

UK Motorbike Insurance Firm Offers Free Breakdown Cover

Mon, 25 Jan 2010 10:50:33 +0000

Bennetts, a UK-based motorbike insurance provider, offers free breakdown cover to new customers.