Insurance News
Below you will find news relating to Insurance Get up to date information about the current Insurance market.
Competition Inquiry Grips Car Insurance Market
The Office of Fair Trading have announced plans to refer the car insurance market to the Competition Commission after it emerged that drivers are paying £225m extra a year as a result of insurers inflating costs. It is claimed that the costs of repairs and hire vehicles were specifically inflated by insurers. The provision of [...]
Building and Contents Insurance: Actually Not the Same Thing
By and large contents insurance and building insurance are sold alongside each other and therefore aren’t usually considered separate entities. However there are occasions when a prospective policy holder would do better owning one over the other—of course both cover the unexpected loss of property, so this is meant as a quick and dirty guide [...]
Interest in Unemployment Insurance is on the Rise
As a knock on effect of the uncertain times we are facing in the UK the most widely advertised price comparison website Moneysupermarket.com has reported a 15% increase in the number of visitors to its Accident, Sickness & Unemployment insurance section. This may be a the result of a portion of the UK population losing [...]
Sainsbury’s Pet Insurance issues warning on pet obesity
New research from Sainsbury’s Bank indicates that obesity is a serious problem affecting over a third (34%) of the UK’s combined cat and dog population. Sainsbury’s Pet Insurance estimates that around 2.72 million dogs and 2.87 million cats are suffering from obesity. According to a research study carried out by the Chartered Society of Physiotherapy, [...]
Latest floods – insurers dealing with claims as quickly as possible
Insurance companies are dealing with policyholders who have been hit by the latest floods as quickly as possible the ABI (Association of British Insurers) has said. Insurers are: wherever possible contacting their customers in the post codes affected to see what help they can provide; drafting in extra staff to deal with claims; making arrangements [...]
Insurance price comparison controversy is missing the point
Insurance comparison website Insurancewide.com argued today that industry experts are missing the point in the controversy about comparison websites sparked by the new Direct Line advertising campaign. “The focus of industry debate about price comparison websites has largely ignored the fact that price is not the only issue when directing customers to the best insurer [...]
The dangers of the ‘school run’
The school run can be one of the busiest and most dangerous times to be on the road. New research from Sainsbury’s car insurance reveals that during the past five years, over 460,000 people claim to have been involved in an accident during the school run whilst they had a child in their car. The [...]
Saga cautions drivers to hide car keys when in the house
Over 50s expert, Saga Motor Insurance, has sounded a warning to the nation’s drivers after their research revealed that one in ten car owners still keep their car keys on a key rack visible from outside the house, making them an open target for thieves. Saga’s study on attitudes towards key security shows that the [...]
Unnecessary emergency vet visits cost businesses £19 million
British businesses are losing out to the tune of £19 million a year as workers take time off for unnecessary emergency vet visits. According to new research by pet insurer MORE TH>N, over one in three pet owners (37 per cent) took time away from work to rush their pet to the vet, lying to [...]
Heading into your Golden Years on a Harley
AA Insurance reveals the trend for Granny Bikers. It’s official…the days of Hell’s Angels and leather clad bikers are numbered and in their place is a new breed of biker – chicks who are more silver surfer than busty blonde. An AA Insurance survey released today announces that more than a than a fifth of [...]
Act now if taking your pet away this summer
All pet owners who would like to holiday with their pet this summer need to start the wheels rolling now, in order to make sure their pet passport comes through in time according to Halifax Pet Insurance. The process behind the documentation takes around six months from start to finish so action is required during [...]
One in three British pets are overweight
Over one third (37%) of Britain’s pet cats and dogs are overweight according to a survey of veterinarians commissioned by Halifax Pet Insurance. The growing problem has driven four out of five (82%) veterinary surgeries to set-up special weight loss clinics to educate owners and help them to get their pets in shape. Sign-up rates [...]
Home insurance customers need to be aware
Home insurance customers are in danger of being severely uninsured as Met Office forecasters warn of heavy floods, says Insurancewide.com, the online insurance comparison service. James Harrison, chief executive of Insurancewide.com, the online insurer comparison service, urged home owners today: “Don’t assume your home insurance covers you for a flood. If you’re not sure whether [...]
Prudential Home Insurance – New from the Pru.
Creditmarket.co.uk is pleased to announce the availability of Prudential Home Insurance in their Home Insurance category. Prudential is a very familiar company in the UK and has been providing financial services since 1848. Prudential is a long established and leading international financial services company with some 21 million customers, policyholders and unit holders and some 23,000 employees worldwide. [...]
Sainsbury’s Bank launches home insurance for landlords
Sainsbury’s Bank has launched a home insurance policy for landlords, providing comprehensive cover and benefits at competitive premiums. The policy, which is aimed at landlords with a small portfolio of properties, insures against loss of rental income of up to £20,000 and contents cover of up to £40,000. It is also the only home insurance [...]
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