Collective cost of altering car insurance policies crippling
April 8, 2008
A recent report has shown that collectively consumers in the UK are paying crippling sums of money to insurance firms in order to make simple changes to their insurance policy mid-term.
It is through that insurance firms are making around £333 million as a result of drivers making changes to their car insurance policies.
The report suggests [...]
Faster system needed for personal injury claims
April 7, 2008
Officials from the Association of British Insurers have said that a faster system is needed for the processing of personal injury claims, adding that this could cut back hugely on the long periods it often takes to sort out this sort of claim. According to the ABI it can take over 700 days to sort [...]
Building insurance complaints rise
March 25, 2008
The level of complaints relating to buildings insurance has been steadily rising according to a recent report, with an influx of claims following poor weather conditions also leading to a rise in the number of complaints about this type of cover.
Based on the level of complaints received by the Financial Ombudsman Service the level of [...]
Many think that CCTV can reduce insurance premiums
March 4, 2008
According to a recent report many residential consumers are having CCTV fitted in their homes in a bid to try and reduce the chances of burglary and vandalism.
Many think that this will reduce their home insurance premiums, but industry experts have stated that this is not necessarily the case, as there is not enough evidence [...]
Proof of how much Brits love their pets
March 4, 2008
Recent figures reflecting the rise in the pet insurance market over recent years is further proof of how much Brits care for their pets, and why Britain has become known as a nation of animal lovers.
Industry experts predict that, based on current figures, the pet insurance industry could be valued at £600 million by 2011, [...]
Post Office to offer pet insurance cover
February 29, 2008
The Post Office has recently announced that it will be offering pet insurance cover to pet owners.
The Post Office Service has really branched out over recent years, offering a wide range of new services and products, from foreign currency to broadband, and the availability of pet insurance cover is its latest offering.
Pet insurance has proven [...]
Don’t waste money on pointless insurance cover
February 14, 2008
Consumers are being warned by a UK consumer watchdog group not to waste their money on pointless insurance cover that will either never benefit them or that is unnecessary because the consumer is already protected via another means.
The warning comes from the consumer group Which?, with officials from the group claiming that every year a [...]
Insurance price comparison sites to be probed by FSA
February 11, 2008
Following concerns that were raised by the British Insurance Broker’s Association the UK’s financial regulator, the Financial Services Authority, is to launch an investigation into price comparison sites that deal with insurance services. BIBA officials have claimed that the way that these sites work can end up misleading consumers.
According to officials from BIBA the way [...]
Critical illness claim victory for woman
February 6, 2008
A woman who had to battle to get justice after making a critical illness claim has won her case, and will receive the value of the policy, which is £40,000.
The woman, a 55 year old nurse, claimed after spending two weeks in intensive care following a brain haemorrhage. She was then discharged but was told [...]
Largest PPI fine to date imposed by FSA
February 1, 2008
The Financial Services Authority has dished out its biggest fine to date over breaches of PPI, with a whopping £1 million fine imposed
