AA
Unipart Automotive axes 68% of staff as it enters administration
One of the UK’s largest independent suppliers of car parts, workshop consumables has entered administration making 1244 staff redundant.
Little Chef turnaround firm 'in talks' to buy Unipart Automotive
Venture capital firm R Capital is in talks to buy beleaguered motor repair firm Unipart Automotive, Post understands.
Motor customers paying up to 90% APR for monthly instalments
Motor insurance customers are being charged annual interest rates of up to 90% for choosing to pay in monthly instalments rather than an annual sum, according to research.
AA planning £4bn IPO - reports
The AA's parent group Acromas is expected to announce a £4bn IPO of the insurer, according to reports.
More Than MD Connor departs to lead AA Insurance
The AA has hired More Than managing director Janet Connor to take on the newly created role of MD of its insurance business.
One in three homeowners make no effort to protect valuables
A third of homeowners make no effort to either conceal or protect their valuables in case of burglary other risks, according to a survey from the AA.
Saga lowers float price range
Saga has narrowed the price at which it will sell shares in an upcoming London Stock Exchange floatation, moving towards the lower end of the range.
AA launches comprehensive household product
The AA has launched a home insurance policy offering unlimited cover for buildings and contents as well as increased cover for personal possessions.
Saga confirms £550m float plans
Saga has formally declared its plans to launch an initial public offering for at least 25% of the business, raising £550m.
Editor's comment: Time to walk the walk on service
If I had a pound for every time I heard the phrase ‘the customer is key’ or we are putting the customer at the ‘heart of the process’, I would be less worried about paying into my son’s college fund.
Union bosses to protest AA debt loading ahead of Saga float
GMB union leaders will hold a protest outside the London Stock Exchange on Wednesday over the expected loading of £4bn debts on the AA motoring organisation once Saga floats.
Home and motor premiums continue downward slide in Q1
Home insurance premiums continued to fall in the first quarter of 2014, despite the winter flooding and storms that affected many parts of the UK, according to the latest AA British Insurance Premium Index.
Biba and Acturis price index shows 5.5% drop in Q1 rates
Consumers paid 5.5% less on insurance in the first quarter of the year compared with Q1 2013, according to the British Insurance Brokers’ Association and Acturis’ insurance price index.
Firms deny dodging referral fee ban as select committee prepares ABS report
MP concerned insurers are using alternative business structures to circumvent ban.
AA survey highlights pothole 'crisis' as claims skyrocket
AA president Edmund King is calling on politicians to recognise the “crisis” impacting UK roads after a survey by his organisation showed that a rising number of motorists rate local roads as being in a ‘terrible condition’.
Household: On steady ground?
How is the household insurance market coping with the cost of claims from extreme weather events and the aggregator‑induced focus on pricing?
Insurers reject campaign to include previous premiums on renewal letters
Swiftcover is only firm in Which? survey to inform customers of last year’s price.
Vehicle Technology: End of the driver?
At the Consumer Electronics Show in Las Vegas, nine motor manufacturers exhibited autonomous car prototypes. What does this technological leap mean for the future of motor insurance?
Flood losses not expected to arrest premium decline, claims Moody's
Widespread flooding over the Christmas period is unlikely to reverse the decline in property insurance premiums, despite the impact of the adverse weather conditions negatively affecting insurer’s earnings, according to Moody’s.
Laurent Matras return expected to result in Axa personal lines overhaul
The return of former Groupama boss Laurent Matras to Axa may herald a shake-up of the insurer’s personal lines business, according to market observers.
DfT demands more telematics research before young driver safety green paper
Insurers warn telematics is not a ‘silver bullet’ as long wait for paper continues.
AA Insurance becomes Biba member
AA Insurance has become a member of the British Insurance Brokers’ Association with several of its staff set to join the trade body’s committees.
ABI’s Evans slams lack of political courage on young drivers
The Association of British Insurers has condemned stalled progress on a government green paper investigating updated rules for young drivers.
Sliding motor premiums to halt soon, says AA
Continued falls in motor insurance premiums will like cease in the near future according to the AA.