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Church Keeps Doors Locked After Spate of Burglaries
One doesn’t often think of churches when you think of contents insurance. The sad reality is that increasing numbers of religious tourists and faithful believers find church doors locked because the risk of theft has simply become too high. Many churches have even had to install state-of-the-art security systems. The situation has become especially bad [...]
ABI Expresses Views on UK Riots
The Association of British Insurers (ABI) has adopted a very sympathetic stance towards business owners and homeowners who have suffered financial loss during the ongoing UK civil unrest. Nick Starling, the director of general insurance and health at the ABI, said: “This is a time of enormous stress for them and their insurers will be [...]
Copper Thief Electrocuted While Accomplices Flee
Burglars and thieves are nobody’s friends: when the premium on your contents insurance policy is increased after a burglary, you certainly would not care much about what happens to the burglar. If he or she gets electrocuted in the process you probably would not have sleepless nights about it, or would you? This is exactly [...]
Report Warns Against UK Crime Wave After Police Cuts
More than 10% of police officers are about to become unemployed if the government pushes through its propose spending cuts, a new report warned yesterday. According to the Inspectorate of Constabulary, the number of police offers will dwindle to 127,600 in 2015 – the lowest level in ten years. The report also warned that we [...]
News Corporation Shares Take a Nosedive
We have always held the opinion on these pages that the business world is fraught with risk and that business insurance should be a vital part of any business’s armour. The truth of this has once more been illustrated by the News Corp saga. The escalating scale of the scandal surrounding News Corp has started [...]
There may Never be a Better Time to Become a Landlord
One regularly hears people talking about the things they should have done when they were younger. Buying a property at a bargain price 20 years ago, which in today’s terms would have made them filthy rich, is one of those stories that regularly comes up. The best time to enter the buy-to-let market is of [...]
North Wales Experiences Higher Crime but Lower Detection Rates
Disturbing new figures for North Wales show that, while crime rates have increased by 2%, detection rates for serious crimes such as manslaughter and murder have dropped by 27%. The drop in detection rates comes after the largest reorganisation of North Wales Police in its history. Nearly £25 million has been slashed off their budget [...]
Sheffield Academic to Investigate Housing Benefit Cuts
The Residential Landlords Association (RLA) has announced that an academic from Sheffield was going to head a new study that will review the effect the recently announced cuts to housing benefits will have on the economy. The study will also cover the private rental sector and how the capping of the Local Housing Allowance will [...]
Chaucer Leads Marsh Product
Chaucer Syndicates has announced that it will lead a new product offered by Marsh. This involves a default insurance product for charterers that contains specialist wordings developed by the parties involved. If the charter party should be unable to meet its financial obligations under the agreement, the product covers the shipowner against loss of income. [...]
United Kingdom Enjoys Reputation as “Whiplash Capital” of Europe
It became known recently that the UK has an unusually high rate of false contents insurance claims. The country now also enjoys the dubious honour of being known as the “whiplash capital” of Europe. The situation has become so bad that the Association of British Insurers (ABI) has urged the government to do something to [...]
