Car Insurance
Insurance Companies to Provide Funding to Police
Insurance fraud is a cancer that affects not only insurance companies, but everyone who owns an insurance policy, whether this be a home insurance, buildings insurance, contents insurance or business insurance policy. Insurance fraud costs the industry more than £2 billion every year. The cost to the average consumer is an astounding £44 for every [...]
Government Launches Car Insurance Awareness Campaign
Fortunately or unfortunately it is not yet a crime to go without contents insurance or home insurance. Whether it will ever become compulsory to insure your belongings we do not know. What is a fact, however, is that from the 20th June it will be a crime simply to keep an uninsured vehicle. The Department [...]
Aviva Appoints new CIO
The financial service company Aviva has announced the appointment of Cathryn Riley as CIO. She takes over from Toby Redshaw, who left Aviva to become global CIO for American Express in November last year. Ms Riley has been with Aviva since 1996. During the past 15 years she was employed in a number of positions [...]
Courier Insurance not the same as Car Insurance
According to Insurancepress.co.uk – a reputable insurance news publication – many courier business owners are under the mistaken impression that ordinary vehicle insurance is enough to cover them in case of theft or an accident. The company recently published a series of guidelines for this type of business owner. The most important point to remember [...]
Road Rage the Culprit Behind One in Three car Accidents
In news that will certainly be of interest to those involved in the car insurance market, AXA found that over 33% off all road deaths can be attributed to road rage. This means that more than 800 people die in car accidents every year because of drivers losing their self control behind the wheel.
Older Women Pay Much More for car Insurance
A recent study carried out by Which? produced some rather interesting results. They used a car insurance comparison site to study the insurance rates paid by men and women of different ages.
FSA imposes its biggest ever fine for insurance fraud
Since the start of the year, the FSA has banned 14 individuals for failings relating to insurance fraud and has also handed out one of its largest ever fines. Andrew Jeffery, director of Jeffery Flanders (Consulting) Ltd has been banned and fined £150,000 for exposing customers to risk through the inappropriate handling of insurance policies. [...]
Fraud pushes up insurance premiums
According to The AA British Insurance Premium Index, fraud is significantly pushing up car insurance premiums at their fastest ever rate. Statistics for the second quarter of this year (ending June 30th) have seen car insurance premiums rise by 11.5%. That’s the biggest increase since quarterly premium trends started being tracked 16 years ago. Although [...]
Fake car crash pair in £12million insurance scam
Two brothers are facing jail after staging a number of car crashes to scam insurance pay-outs from innocent motorists. Rezwan and Rehan Javed organised fraudulent claims for deliberate crashes that had been staged by other members of their organised crime group. They paid drivers around £500 a time to purposefully cause collisions by braking their [...]
