UK insurers want exemption from equality laws
The UK government is under pressure from the insurance sector to exempt UK insurers from various areas of the recently introduced equality laws. One of the main aspects which has arisen over the last few days is the availability of motor cover for elderly drivers. It is no secret that many insurers are wary of covering older drivers because of a perceived increase in risk and one in five older drivers has difficulty in obtaining acceptable motor cover.
There is also a similar issue in the area of travel insurance as there are again perceived risks associated with older travellers who may have possible health conditions to contend with. The problem now is that the UK government has been very vocal in its support of the various equality laws in the workplace and is now being put on the spot by the insurance sector. If the government is seen to waver in any way toward the insurance sector this could blow a hole in the new equality laws and leave the government open to accusations of favouritism.
It will be interesting to see how the UK government tackles this potential problem as there is no doubt that the older generation do have significant difficulties in obtaining affordable insurance in a number of areas.
Share this..
Related stories
Google announces better-than-expected results
Against a backdrop of the worst worldwide recession in decades, search engine giant Google managed to announce net income for the quarter ended 30 June of $1.48 billion which is up 19% on the corresponding period last year. Despite the challenging trading conditions for all businesses around the world it seems that Google continues to go from strength to strength and is seemingly battling against...
Read MoreBrits cut Christmas budgets
Nearly half of all British internet users intend to cut their Christmas shopping budget this year in an attempt to save money, new research has indicated.A study by Twenga, a shopping search engine, interviewed 3,000 internet users across Europe and found that 42 per cent of respondents were to spend less this year than last, with the figure rising to 48 per cent in the UK.More than a fifth (21 pe...
Read MoreCan Loyalty cards really save you money?
In the supermarket and retail market competition is forever increasing. Companies are constantly creating more and more ways to entice shoppers away from potentially cheaper stores, and they are actively encouraging us to frequent their own on a regular basis. They use a variety of tactics such as discounts, marketing campaigns and of course, loyalty cards. With Morrisons launching its new ‘...
Read MoreMortgage providers struggling to value UK houses
In a worrying development the Bank of England has revealed that a number of so-called house price chains have collapsed because mortgage providers are struggling to value property in the UK market. Such is the difference of opinion with regard to the short to medium term direction of the market that consensus valuations are proving very difficult to obtain.
If mortgage providers are...
Waitrose calls time on online delivery charges
The online arena may well be entering a serious shakeup with news that Waitrose has ended delivery charges with regards to its online operations. This is sure to place pressure on Tesco's and Sainsbury's to follow suit and could lead to a substantial price war in the sector.
While Waitrose has been a part of the online sector for some time, the perception of the company is as a high...