Latest insurance news
Huge rises in car insurance premiums for city motorists
Car insurance premiums have seen a steep 14% increase in the past year according to the AA British Insurance Premium Index. This is the highest rate increase on record and average premiums for comprehensive motor cover jumped by 5.6% in the third quarter of the year, the biggest quarterly increase since the AA first started monitoring the market in 1994. A City Car Club survey showed that mostly t... [more]
Drivers struggle to understand the terms used in their car insurance policy
According to research by swiftcover.com, almost one in five drivers (18%) think car insurance policies are purposely designed to confuse them. The survey found that 42% of Brits struggle to understand the terms used in their car policy, leaving them uncertain over what they are actually covered for. Nearly a quarter of people (23%) have no idea what voluntary excess means, despite the fact that... [more]
Holidaymakers must make sure they have adequate travel insurance
Sainsbury’s Travel Insurance estimates that some 11.3 million Britons, over a third (37%) of those who went on holiday this summer, did so without any travel insurance to cover their trip. The new research from Sainsbury’s Travel Insurance indicates that those under the age of 34 were most likely not to bother buying travel insurance. With the travel insurance industry paying out just under £40... [more]
Carole Nash enters military vehicle market
Carole Nash has entered the military vehicle market pledging to repeat the success it achieved in the highly specialist motorcycle insurance sector where it is market leader. And it says its new policies have been directly influenced by feedback from military vehicle owners themselves. “Prior to launch we conducted extensive research which included taking our draft proposals out to enthusiasts.... [more]
Get £30 off your car insurance when you buy at least 30 litres of TOTAL EXCELLIUM
TOTAL has partnered with swiftcover.com to give away £30 off car insurance when you buy at least 30 litres or more of its advanced fuel TOTAL EXCELLIUM (unleaded or diesel fuel). From now until 3rd November 2009, customers will be given a voucher when they buy 30 litres or more of fuel at selected TOTAL forecourts. This voucher can then be redeemed online when purchasing car insurance with s... [more]
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Insurance sector reinvents itself under new regime
India's insurance industry is set for a makeover as it seeks to survive and grow in a changed environment that dawned on September 1. With a three-month spat over who will regulate unit-linked insurance plans (Ulips) settled, the Insurance Regulatory & Development Authority (Irda) in July announced sweeping changes to the way insurance companies do business.
Online Exhibitor Insurance Company Introduces New Quote-Buy-Print Model
Exhibitor Insure Now, an online exhibitor and trade show insurance resource has introduced a new tool that allows exhibitors and trade show participants to receive a quote, pay for their policy and print off proof of coverage in less than 5 minutes. This quick online insurance quote system is crucial for those who need to obtain exhibitor’s liability coverage quickly.
Nexus Insurance Services Launches New Websites For Malpractice Insurance
Orange County - Nexus Insurance Services has launched five new websites that offers malpractice insurance to attorneys and physicians who practice in the states of Arizona, Texas, California, New York, and Washington.
4 shortest routes to cheap car insurance
Don't insure your car for more than you have to. Follow these tips to getting cheap car insurance.
TCS No. 2 among UK's insurance BPO providers
Tata Consultancy Services has become the second-largest insurance business process outsourcing provider in the UK, after winning two deals worth 250 million pound (around Rs1,800 crore).
Motor Trade Insurers, Quote Me Today Urge Caution as Dealer Profits Soar
KENT, UNITED KINGDOM--(Marketwire - Sept. 1, 2010) - Leading motor trade insurance company, Quote Me Today are warning car dealers not to be complacent after celebrating an increase in their net profits by 18.5% in the first half of 2010. This resulted in a £12,000 increase on the profits from the first half of 2009.
Life Insurance Awareness Month: A Good Time to Reassess Your Insurance Needs
Today marks the start of Life Insurance Awareness Month, which means it’s a good time to think about what life insurance means to you and your family.
Getting an auto insurance quote for free
Whether you use the Internet or Yellow Pages, obtain a free auto insurance quote before you buy.
Lloyd's brokers weigh up iPads
Lloyd's of London is to test whether Apple iPads could replace the traditional paper slips containing all the information on bespoke policies sold at the 300-year-old insurance market
M&A and hurricanes stalk Lloyd's market
Insurers face a tough investment environment as ultra-low interest rates and a poor economic outlook hit the returns they can make from their mainly fixed-income holdings
Catastrophe losses hit Omega Insurance
The Lloyd's property and casualty insurer attributes its first-half loss to events including the Chilean earthquake and the BP oil spill, and says its full-year results will be dependent on hurricane activity in the second half
Taipei rejects proposed sale of AIG unit
Regulators said they would not give approval to a proposed sale of AIG's Taiwan life insurance unit to a Hong Kong-based consortium for $2.15bn after months of protracted and uncertain negotiations
Axa cuts Goldman stake by half
Goldman Sachs' largest investor slashed its stake by more than half in the last quarter as the bank contended with civil fraud charges by US securities regulators and brutal market conditions that crimped its results
Phoenix proposes higher dividend payments
The life assurance business, formerly known as Pearl, hopes to persuade its lenders to allow it to pay higher dividends as a prelude to contemplating acquisition opportunities
CPP benefits from demand for fraud protection
Continued strong growth in the UK helped the credit card and identity theft insurer report a 20 per cent rise in underlying interim profits to £24m
Risk planning for PPF is still difficult
The recession has exposed a challenge for the Pension Protection Fund that grows nearer as the closure of final salary schemes accelerates and those that remain are weakened by the rout in financial markets
Premium growth bolsters Admiral
The FTSE 100 car insurance group posts the gain in the six months to June, lifted by rising sales and prices that offset a slump at Confused.com, its price comparison website
HSBC / Nedbank
Desire to do the deal must be balanced with unwillingness to overpay
Other insurance news
Insurance agent to refund $66,500 to Miss. farmers
Mississippi Insurance Commissioner Mike Chaney says his office has reached an agreement with an agent to refund $66,500 in policy fees to poultry farmers.
Insurance agent to refund $66K Miss. farmers
JACKSON, Miss. (AP) - Mississippi Insurance Commissioner Mike Chaney says his office has reached an agreement with an agent to refund $66,5000 in policy fees to poultry farmers.
Insurance sector reinvents itself under new regime
India's insurance industry is set for a makeover as it seeks to survive and grow in a changed environment that dawned on September 1. With a three-month spat over who will regulate unit-linked insurance plans (Ulips) settled, the Insurance Regulatory & Development Authority (Irda) in July announced sweeping changes to the way insurance companies do business.
Green Insurance raises profits 19-fold
THE Green Insurance Company has posted a 19-fold rise in pre-tax profits after signing up more underwriters.
Record rise in the cost of motoring insurance
The average comprehensive policy costs 30 per cent more this year than last, according to AA Insurance.
Insurance commissioner: No hurricanes, but property rates up
It's been more than four years since Florida was directly hit by a hurricane, but many Florida homeowners face insurance hikes.
Fairhope's insurance provider sues over 'Dyas Triangle' defense
Fairhope's liability insurance carrier sued the city and Mayor Tim Kant last month, alleging that some claims in the two-year-old “Dyas triangle” lawsuit are not covered by the Alabama Municipal Insurance Corp. policy, and that the company is not obligated to defend the case.
Insurance Week underway at LIC, Bhopal
By Our Staff Reporter Bhopal, Sept 3: On the occasion of 54th anniversary of Life Insurance Corporation of India in divisional office on September 1 insurance week was inaugurated by senior divisional manager Suhash Joshi by hoisting a flag. Various programmes are being organised under the week.
Sword Insurance Expands into new Boston Headquarters
BOSTON----Sword Insurance , the provider of leading solutions in distribution, policy administration, customer service and business intelligence for the property and casualty insurance industry, has relocated its North American headquarters to 51 Sleeper Street in Boston, Mass. as of August 30, 2010.
Costs push P-platers into old cars
INSURANCE company policy is discouraging young drivers from driving safer cars. Despite calls from road safety experts to get P-platers behind the wheel of the latest model cars, insurance companies are charging big money to cover new drivers.
FSA confirms measures to reform PPI
New measures to protect consumers in the Payment Protection Insurance market
Second-hand but first risk
Trading in second-hand life insurance policies is expanding rapidly but advisers warn that they are still too risky an asset
Pensioners to claim for mis-selling
"No-win, no-fee" claims handlers have switched focus to the retirement market
Warning on low-cost PMI
Individuals unnerved by cost cutting in the NHS should be wary of insurance with large no-claims discounts
Lloyds stops selling payment protection insurance
PPI policies will no longer be sold alongside its personal loans, credit cards and mortgages to any new customers
Standard Life maintains its with-profits bonus rates
The majority of its long-term savings customers have seen an increase in the value of their policies during the past year
RSA makes waves in yacht insurance
Owners of luxury yatchs will have more choice when it comes to insuring their "passion investment" with a big name set to make waves in the market.
Ten tips to organising your finances
While reviewing your finances can be time-consuming it can also be extremely rewarding. It's worth it for the sake of a few hours' work.
Q&A: Axa with profits sale to Resolution
More than 3.6m with-profits bond holders with Axa will see their policies rebranded after the French insurer sold its life book to Resolution, which specialises in buying up life books.
FSA acts on with-profits providers
The Financial Services Authority launches enforcement investigations into two unnamed businesses for governance and management failings that exposed policyholders to 'particularly acute' risks

