Motor
Add ons review ‘gloomy reading’ for motor insurers
A regulatory review of the sale of general insurance add ons makes for “gloomy reading” for insurers including Direct Line, Esure and Admiral according to one analyst.
LV investigation leads to jail sentence for fraudster
A Wolverhampton-based fraudster has been sentenced to 12 months in prison after attempting to claim compensation for a crash-for-cash car accident.
Which? clamps down on financial products' ‘sneaky fees'
Which? is calling for clarity around fees and charges on financial products following an investigation that revealed 50% of the motor insurers it examined had increased their fees in the past three years.
Aviva calls for rehab-only compensation for minor road accident injuries
Aviva is pushing for changes to motor insurance compensation including cutting cash compensation for minor whiplash injuries and restricting personal injury lawyers to cases where their expertise is needed.
Bridges joins Biba as technical services manager
The British Insurance Brokers’ Association has appointed Martin Bridges as its technical services manager with immediate effect.
UK motor market not seeing 'sustained recovery in prices'
Despite investor hopes of a hardening market for UK motor, no insurer is making the level of losses needed to spark “a sustained recovery in prices”, according to research from Exane BNP Paribas.
Homeowners fail to report crimes amid fear of impacting property values
Crime is going unreported in neighborhoods across Britain as the fear of impacting the rent or resale value of properties forces residents to keep silent, a new study from Direct Line has shown.
My Licence live on Open GI
Insurers can now access the My Licence hub through Open GI, with a number of panel insurers already signed up to the service.
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.
Ageas updates rating process for van product
Ageas has changed the rating process for its Van Guard product pricing policies on the individual circumstances of the customer rather than a postcode.
UK General signs three-year warranty deal with Autoguard
Leeds-based insurer UK General has signed a three-year deal with vehicle warranty provider Autoguard.
Interview: David Smith: In safe hands
Time will tell whether David Smith’s spell as Zurich’s interim UK general insurance CEO becomes permanent but, at a firm where stability is a watchword, Smith explains how his strategy will ensure the division stays on course for growth
Quindell founder committed to pursuing legal action against Gotham
Quindell will continue to pursue legal action against Delaware-based research firm Gotham City, despite the difficulty given their US jurisdiction, executive chairman Rob Terry has confirmed.
Ghost broker sentenced to three years in jail
A ghost broker who targeted Manchester students has been sentenced to three years in jail.
Rental car manager fined for selling customer data to CMC
A former Enterprise Rent-A-Car branch manager has been prosecuted by the Information Commissioner's Office after stealing the records of nearly 2000 customers before selling them to a claims management company.
Aggregators call for tougher measures on automatic renewals
Aggregators have welcomed the Association of British Insurers' proposals to improve clarity around policy renewals, announced today, but say the measures should be taken further to address insurers automatically renewing policies.
Watchdog welcomes ABI's proposals on renewals
The Financial Conduct Authority has called for businesses to improve the way they offer motor and home insurance policy renewals while it considers proposals from the Association of British Insurers to boost clarity in that area.
ABI seeking better clarity for customers on renewals
The Association of British Insurers is asking the Financial Conduct Authority to regulate on a minimum standard of information for companies to give customers when renewing their motor or home insurance policy.
Average UK motor premiums down £17 according to price index
Continuing pressure on car insurance prices for younger drivers has pushed the average cost of a comprehensive motor policy in the UK down by £17 to £579 during the second quarter of 2014, according to the car insurance price index from Confused.com and…
Insurers maintain opposition to young driver curfews despite public backing
Sources suggest long-delayed green paper on young driver safety could be revived
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.
Alps launches sole trader legal expenses cover
Auto Legal Protection Services has launched a wholesale sole trader legal expenses cover.
Biba welcomes TSC's 'positive' whiplash proposals
The British Insurance Brokers’ Association has welcomed the Transport Select Committee’s latest whiplash report saying it supports “changes to protect innocent customers from the added cost of fraudulent insurance claims”.
Fundamental dishonesty change will have 'unintended consequences' warns MASS
Lawyers from the claimant fraternity have raised concerns over the Transport Select Committee’s latest motor report, with the proposal to strike out claims for fundamental dishonesty and changes in the small claims track singled out for criticism.