Some 14,000 policyholders will be compensated by the government guarantee scheme after a plan to replace cover collapsed.
LV has been hit with a £13m blow as a result of the Ogden rate, which the insurer said could push up premiums by 1%.
More than 8000 former home insurance customers of failed insurer Lamp have had their cover moved to another unrated Gibraltarian insurer, Red Sands.
The regulator has vowed to “take action” against insurers that do not treat vulnerable customers fairly.
More than 30,000 property policyholders affected by the collapse of Alpha have been thrown a lifeline in the form of alternative cover arranged by the Financial Services Compensation Scheme.
It was around Spring when office chat turned to the trend of insurers bolstering full year accounts through claims reserve releases.
Ecclesiastical was forced to admit the advice it gave to the Church of England related to a child abuse claim could have been handled better.
Travel insurers will have to ‘signpost’ policies that have exclusions over pre-existing medical conditions.
Insurers win two-thirds of legal disputes against their commercial policyholders when a claim is disputed.
The government has set a new discount rate of minus 0.25% - a much lower number than the expected 0%.
Allianz UK CEO Jon Dye has been named chair of the Association of British Insurers.
More than 200 Ageas staff due to lose their jobs from the closure of the company’s Stoke-on-Trent offices could get to retain their positions after Autonet’s owner Atlanta Group agreed to take over the lease.
The newly appointed CEO of the Motor Insurers’ Bureau discusses modernisation, Brexit, whiplash portals, and Lewis v Tindale with Martin Croucher