Britons 'don't think they need' travel insurance, poll finds
More than 13 million Britons will go on holiday this summer without first taking out travel insurance, Sainsbury's Finance said today.According to the firm, one in five people believe that they "can't afford" the cover - while a further third feel that they "do not need" it.Surprisingly, youngsters were found to be showing a more responsible attitude to their summer holidays than their elders.Whil...Read More
HM Revenue and Customs announces national insurance holiday
HM Revenue and Customs have today announced a surprise national insurance holiday for new companies in the UK in areas of the country likely to be hardest hit by the reduction in public-sector investment. Those who are eligible for the national insurance holiday will be able to claim relief for the first 10 employees they hire in their first year of operation. HM Revenue and Customs believes that...Read More
Insurance comparison websites are failing customers
16/07/2014 Insurance comparison websites are not giving consumers the “appropriate information to make informed decisions”, according to the Financial Conduct Authority (FCA). The FCA reviewed 14 comparison sites and said that some of them were failing to meet regulatory standards. They said that comparison sites focused too much on price, rather than the different features each insur...Read More
Tracing that old insurance policy could prove worthwhile
It is no secret that hundreds of millions of pounds of unclaimed insurance policies are locked away in the vaults of many insurance companies in the UK. These are policies which have yet to be claimed with the underlying customers having lost contact, moved away or possibly died. When you consider the figures involved it is no surprise that locating old insurance policies has become something of a...Read More
Budget airlines accused of breaking EU insurance rules
A number of budget airlines around the world, including the UK, today stand accused of ignoring EU legislation with regards to additional charges and taxes which budget airlines add to their ticket prices. The EU ruled that additional charges such as travel insurance and cancellation insurance should be opt in rather than opt out, there by assuming that unless a customer specifically requests it,...Read More
Don't be too open on Facebook!
As the insurance sector, always looking to cut costs and reduce liabilities, tackles the issue of Facebook and other social networking sites it appears that many customers could see their premiums increase and their payouts decrease. It seems that too many people are being far too open on their social networking pages, discussing holidays, posting pictures of their homes and releasing other confid...Read More
Folks with more green go for eco-insurance
While previously environmentally-friendly products have been seen as the preserve of hippies and bohemians, companies have found that people with a few more notes in the bank are now investing in more eco-friendly products. According to the Environmental Transport Association (ETA), the demand for products such as 'green' car insurance has risen recently as environmental matters come under the pol...Read More
What is happening with the asset protection scheme?
Each day brings new rumours regarding Royal Bank of Scotland and Lloyds bank and the company's involvement in the UK government's asset protection scheme. First we hear that both companies are very keen to become involved and then we hear they're looking to backtrack and either reduce their exposure or leave the scheme altogether. So what exactly is going on?
When the UK government...
Aviva rejects approach from RSA
It has today been revealed by Sky news that UK insurance companies Aviva and RSA have been in communication regarding a potential sale of the Aviva general insurance division. It is believed that RSA made an offer of around £5 billion for the operation which was immediately rebuffed by Aviva. It is not clear why the approach was not publicised at the time, reported to have been last month, but th...Read More
Administrators not in a hurry to sell off Quinn Insurance
Grant Thornton, the official administrators of the Quinn Insurance empire, has today confirmed that while interest has been shown in the operations there have been no discussions with potential buyers of the business. The Quinn Insurance saga appears to be getting more complicated by the day with court action, comments from the administrators and comments from the regulators appearing to cast diff...Read More