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

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.