AXA rewards safe motorists
Financial giant AXA has revealed a new car insurance policy which will see those with eight or more years no claims bonus receiving a 90% discount on their premiums. This compares to the average discount of 65% on a maximum five-year no claims bonus and will obviously further benefit the vast majority of drivers in the UK who do not claim on their car insurance.
This comes at a time when the AA has confirmed that UK car insurance premiums will rise by between 10% and 15% in 2010 with the majority of the increase caused by uninsured drivers causing accidents on the road. It would appear that slowly but surely we are seeing a polarisation between safe drivers and dangerous (and uninsured drivers) with many other insurance companies certain to follow the lead set by AXA.
Car insurance premiums have been on an upward spiral for many years now with the cost of covering uninsured drivers taken on by the industry and then spread out amongst insured motorists. Whether or not this is a fair allocation of the added expense associated with uninsured drivers is debatable but it is a trend which began some time ago and has ultimately led to a massive increase in car insurance premiums for "no apparent reason".
Confidence in the UK economy has been hit
Even though there were signs that the UK retail sector was starting to improve at the end of 2009, today's news of a potential leadership challenge against Gordon Brown may well wipe away any goodwill and confidence built up over recent weeks. A government which is effectively out of control and a leader who would appear to be unwanted by a significant minority of MPs does not bode well for the sh...Read More
Currency exchange company goes under
Crown Currency Exchange, one of many currency exchange businesses in the UK, has today been placed in administration with 13,000 customers potentially on the verge of losing their money. Over the last few days there have been problems with the company's website and orders would appear to have stalled but only today did we learn that apparently the company is insolvent and administrators have been...Read More
Is your holiday as safe as you think?
As the potential for a swine flu pandemic continues to grow day by day many people are blissfully unaware that their summer holidays could be cancelled or cut short. The World Health Organisation (WHO) recently increased the risk level from 4 to 5 with 6 being the highest, signalling the outbreak of a pandemic. While the UK government has declared that travel to places such as Mexico should only b...Read More
Are we seeing a recovery on the UK high street?
A number of UK retail companies have, over the last few days, published suggestions that life on the high street could be improving with sales set to rise in the short term. While we await official retail figures from the various retail agencies and more detailed guidance from retail companies, it does appear as though the last couple of weeks have seen an increase in activity on the high street.<...Read More
“Big Six” energy firms to lose quarter of customers
02/10/2014 Financial analysts have predicted the “Big Six” energy firms in the UK will lose a quarter of their customers over the next six years. Citigroup investment bank have released a report detailing the predictions, and they believe some of the firms may be driven out of the market in the next decade. The report stated that consumers will still suffer, with prices forecasted to rise...Read More