Insurance

Defaqto launches new Star Ratings for whole of life policies
By May 2, 2014 Read More →

Defaqto launches new Star Ratings for whole of life policies

Defaqto, an independent researcher of financial products, has launched new Life Assurance Star Ratings for whole of life policies to help advisers and consumers identify where products sit in the market in terms of the overall quality they offer. This further enhances Defaqto’s ratings in the life assurance space, adding to the Star Ratings for […]

Posted in: Life Insurance
Organised gangs behind fraudulent claims
By April 27, 2014 Read More →

Organised gangs behind fraudulent claims

Aviva, the UK’s largest insurer, detected over £110 million worth of insurance fraud in 2013 – a 19% increase compared with 2012. Aviva detects over 45 fraudulent claims per day worth more than a total of £300,000.* Aviva’s figures show that insurance fraud is a diverse crime and can range from exaggerating genuine claims or […]

Posted in: Insurance
Uninsured driver fines not enough, says AA
By June 18, 2013 Read More →

Uninsured driver fines not enough, says AA

Court fines less than fixed penalty ‘Tough, no-compromise approach’ needed Among the motoring offence reforms being introduced by the government next month is an increase in the fixed penalty for driving without insurance, from £200 to £300. However, Simon Douglas, director of AA Insurance, says that while this increase is welcome, it will do little to […]

Posted in: Car Insurance
LV=’s top ten whiplash whoppers
By June 17, 2013 Read More →

LV=’s top ten whiplash whoppers

Despite falling accident rates, compensation claims for whiplash and other personal injuries have hit epidemic proportions. British insurers now receive 1,500 claims for whiplash every day and it is estimated that up to 60% of these claims are exaggerated or fraudulent. Research with accident victims reveals that almost a third (29%) of those who have […]

Posted in: Car Insurance
New Sick Pay Insurance launched by LV=
By June 13, 2013 Read More →

New Sick Pay Insurance launched by LV=

Protection specialist LV= is launching ‘Sick Pay Insurance’, a simplified income protection product, the first of its kind on the market. Sick Pay Insurance is designed for people aged between 17 and 45 who want to protect themselves financially against being unable to work due to sickness, or an accident. People are able to buy […]

Posted in: Insurance
Going to Turkey? Check your travel insurance first…
By June 12, 2013 Read More →

Going to Turkey? Check your travel insurance first…

Around 2.5 million Brits holiday in Turkey every year, but those who choose cancel or change their plans because of the on-going civil unrest in the country, are unlikely to be covered by their travel insurance. Anti-government protestors have been occupying an area of Istanbul for around two weeks and smaller protests have also erupted […]

Posted in: Travel Insurance
Almost 1 in 10 admit insurance fraud!
By June 11, 2013 Read More →

Almost 1 in 10 admit insurance fraud!

Nearly one in ten (7%) of 18 to 34 year old holiday makers admit to having inflated a claim on their travel insurance policy or making a travel insurance claim up all together. The new research from comparison site Gocompare.com revealed that of all the age groups polled, younger travellers were the ones most likely […]

Posted in: Travel Insurance
Avoidable Claims adding £17m to insurance costs
By June 11, 2013 Read More →

Avoidable Claims adding £17m to insurance costs

Proportion of Home Insurance claims caused by… 78% of all home insurance claims come from just four categories Making a claim for ‘escape of water’ adds 30 per cent to the cost of a premium – ‘theft’ will add 42 per cent Having protection in place is key, says MoneySupermarket Hard pressed British households have […]

Posted in: Home Insurance