by IT admin | May 23, 2014 | Industry News, Latest News
Three people have had a fraudulent claim of (USD $)54,000 in damages and personal injury rejected when the minor car accident was investigated. A telematics device, a blackbox for cars, proved their claim implausible. The incident involved an Astra running into the back of...
by IT admin | May 22, 2014 | Latest News
A British insurer has started to offer customers the ability to cut the price of their policy by 10% if they agree to have a camera installed in their car. This could mean an average initial saving of around (USD $)33 a year according to Swiftcover.com. This doesn’t include...
by IT admin | May 21, 2014 | Industry News, Latest News
Britain’s financial regulator has appointed a lawyer to lead an inquiry into how it prematurely disclosed details of an upcoming review of the insurance industry. This caused shares in insurance firms to plunge last month. When some of the review’s details were...
by IT admin | May 20, 2014 | Industry News, Latest News
Britain’s trade body for investment management is set to merge with the investment arm of the insurance industry association.The hope is that this will allow them to more effectively lobby on the issues that affect asset managers. The investment industry hopes that...
by IT admin | May 19, 2014 | Latest News
A new survey has revealed that maintaining and repairing the average car has now surpassed the cost of the average fully comprehensive car insurance policy. Rising Vehicle Excise Duty (road tax), road tolls, congestion charges and the cost of repairs has made vehicle...
by IT admin | May 16, 2014 | Industry News, Latest News
An Irish insurance company has been fined nearly half a million euros by regulators, over their supposed failures regarding consumer protection failures. The Central Bank have reprimanded FBD Insurance, leading to them a 490,000 euro fine. The regulator found that the...
by A Kizir | Mar 24, 2014 | Industry News, Latest News
Industry regulators are beginning to look into an insurance company practice, whereby companies attempt to sign up customers for ‘add-on’ products by placing pre-ticked boxes on forms. However, the industry has responded that this practise has been all but abandoned....
by A Kizir | Mar 21, 2014 | Industry News, Latest News
A risk management global insurance index taken by Marsh showed that Insurance rates in the UAE have developed in line with Continental Asia. UAE insurance rates fell during the fourth quarter of last year.The US showed the only rise in overall rates....
by A Kizir | Mar 19, 2014 | Latest News
As the cost to those affected by the recent storms continues to rise, there’s talk of stopping the premium-rate lines used by every eight in ten insurers. Many are disgusted by the amount of personal and financial struggle that is plaguing the homeowners who found...
by A Kizir | Feb 17, 2014 | Industry News, Latest News
Over the past few weeks, certain areas of Britain have been battered with gale force winds and storms that have left not only homes, but entire towns flooded for days, many even spending Christmas without proper shelter or power. Despite this, 2013 has seen one of the...
