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Press
Releases from the insurance industry - Latest at the top - please scroll
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December
2008: Money saving, Peace of
Mond and Top Tips from insurance4carhire.com this Winter
-
With
the cold bite of winter fully upon us and the credit crunch bringing even more
gloom to the dark days Back
to top December
2008: Insurance4carhire.com appoints Hills Balfour
Synergy for PR Representation - Hills
Balfour Synergy, one of the UK's leading travel representation agencies, has been
appointed as the public relations representatives for Insurance4carhire.com
Back
to top December
2008: RBS may abandon insurance business sale
December 2008 -The Sunday Times reported on the 28th December that RBS, the UK's
second largest banking group, has already rejected an offer for its insurance
business from private equity group CVC Capital Partners.
Back
to top
December
2008: Insurance for your pet could be the best present
you buy this Christmas - According to research commissioned by the ABI, nearly
a third of people (31%) would consider giving a pet as a Christmas present. Yet
worryingly, many pet owners may not realise how expensive vets' bills can be should
their pet have an accident or become ill. Back
to top
December
2008:
Hibernian
Health, the health insurance arm of Hibernian Group, Ireland's largest insurer,
has announced its intention to formally challenge the Government's anti-consumer
and anti-competition health insurance levy of €160 per adult and €53 per child.
Back
to top
December
2008: Tanaiste Opens new QUINN-Insurance Office in
Cork with plans for 500 New Jobs - Ireland-based Quinn Insurance has revealed
plans to open a new call-centre in Cork, creating 500 jobs in the city over the
next four years. Ireland's deputy prime minister (Tanaiste ) Mary Coughlan announced
the new €25 million facility, to be built in East Gate Business Park, Little Island.
Back
to top December
2008: Saga
Insurance Increases Home and Motor Insurance doubles its cover for Personal Belongings
during December Back
to top December
2008: Nationwide launches new insurance Products
in association with LV - Nationwide Building Society will offer its customers
a new range of travel, car, small business and buy to let and property owners
insurance as part of its partnership with mutual insurance and investment group
LV.Back
to top November
2008: Sainsbury's Home Insurance calls on other providers
to make their policies on no-claims discounts less complicated and confusing -
Sainsbury’s Finance issued a challenge to the home insurance market today as new
research revealed that home insurers continue to lag behind car insurers in terms
of rewarding customers with no-claims discounts. Back
to top
November
2008: ABI calls for flood defences spending to help
boost economy - Pre-Budget Report: Flood defences best candidate to boost capital
expenditure sauys ABI - Association of British Insurers. Back
to top
November
2008: The UK's whiplash epidemic is adding an extra
£66 a year to the average motor insurance premium - ABI reveals whiplash epidemic.Research
published today, 14 November, by the ABI (Association of British Insurers) exposes
for the first time the scale and the cost of the UK's whiplash epidemic. Every
day, nearly 1,200 people claim for whiplash following a motor collision.
Back
to top
November
2008: Call to unlock access to insurance for reformed
offenders- The insurance industry is failing reformed offenders who are seeking
entry to basic financial security, according to Chris Bath of the offender charity
UNLOCK. Back
to top November
2008: FSA (Financial Services Authority) concludes
its review of insurance comparison websites - A further Financial Services Authority
(FSA) review of insurance comparison websites has found that many sites have made
significant improvements and are consistently providing clear, fair and not misleading
information, but some firms need to go further to address a few specific concerns.
Back
to top November
2008: eGroup Motoring & Insurance
News November 08 - Motorists told not to go without car insurance -Former Liverpool
and England footballer John Barnes has escaped a driving ban - Fault in accident
leads to car insurance increase - Eco-driving offers financial and health benefits.
Back
to top October
2008: David Greenaway appointed as Business Development
Manager of LetSense - LetSense, the new residential lettings insurance and tenant
referencing provider, has appointed David Greenaway as Business Development Manager
Back
to top October
2008: Questor innovates its car rental insurance
product - Questor continue to innovate its car hire insurance product with two
new policy developments that keep it at the leading edge.
Back
to top
October
2008: 40 % Increase in Fraud Cases in first
week of Anti-Fraud Campaign Irish Insurance Federation Press Release - Irish Insurance
Federation (IIF) recently re-launched their ongoing anti-fraud campaign and have
received a surge in calls from the public in the first week of the campaign.
Back
to top October
2008: The
Recession Proof Pet.With the world wide economy in turmoil and our household budgets
stretched to the maximum there simply is no spare cash left over for unexpected
expenses such as veterinary bills. Some startling facts found by research done
by a large supermarket is that 1.6 million pet owners have had to put down at
least one pet dog or cat over the past five years because of not being able to
cover a vet bill.
Back to top October
2008: New lettings risk company launched - Some of
the biggest names in insurance have joined forces to launch a brand new company
aimed at the lettings market with a new company LetSense
Back
to top October
2008: Norwich Union Healthcare continues
fight against healthcare provider fraud with new comprehensive programme - Norwich
Union Healthcare Limited ("NUHC"), part of Aviva, today announced that it is cracking
down on the industry issue of healthcare provider fraud by implementing a new
comprehensive counter-fraud programme. Back
to top October
2008: Bupa International named best international
health insurer for third year running - Bupa International was named "Best International
Private Medical Insurance Provider" last night at the Health Insurance Awards,
the prestigious event held each year in London to recognise excellence in the
health insurance industry. Back
to top October
2008: RBS rumoured to
talking to CVC capital on insurance sale Royal Bank of Scotland (RBS) is rumoured
to be in talks with Luxembourg-based private equity firm, CVC Capital Partners,
over the sale of its insurance business. Back
to top September
2008: Barbon Insurance Reveals Latest Financial Results
- Barbon Insurance Group has posted its first financial statement since rebranding
from Erinacous Insurance Services, separating from its parent company and its
acquisition by a banking consortium Back
to top September
2008: An Education In Home Insurance - Parents can
insure their offspring’s possessions while at university with no extra cost. Students
starting university this year may take with them expensive items such as a home
computer, television, DVD player, hi-fi system, games console, study books and
music downloads.Back
to top September
2008: AIG Insurance - September 2008
-Federal Reserve rescues AIG with $85bn loan - AIG Statement on Announcement by
Federal Reserve Board of $85 Billion Secured Revolving Credit Facility - AIG Issues
Statement to Address Policyholder Concerns Back
to top September
2008: More
than 1/3 of Brits do not have home insurance, despite an increased risk of flooding
- As rain and storms have swept across the UK once again, Fairinvestment.co.uk
is urging Brits to take out adequate home insurance. Almost 40 per cent of Brits
do not have home insurance. Back
to top September
2008: One in four home insurance
policies do not provide any cover for students living away from home - New analysis
from Sainsbury’s Home Insurance reveals that one in four (25%) home insurance
policies do not cover the possessions of the household’s students who are living
away from home. Back
to top September
2008: Findings of Examination of Travel Insurance
Claims for Loss or Damage to Personal Items - The Financial Regulator in Ireland
has completed an examination of travel insurance claims practices for loss or
damage to personal items. This examination was undertaken as a result of concerns
about the claims process experienced by consumers, in particular the requirement
to produce receipts or other proof of purchase. Back
to top September
2008: New Chief Executive for Barbon Insurance -
Barbon Insurance Group Ltd (Barbon) is delighted to announce that Martin Oliver,
currently Managing Director of Kwik-Fit Financial Services, has agreed to become
Chief Executive Back
to top August
2008: RBS abandons RBSI sale - The Sunday Times has
reported that the Royal Bank of Scotland (RBS) plans to withdraw its insurance
business from sale by auction. Back
to top August
2008: Student accommodation costs an average of £75
a week - Halifax Reseach - New research for the Halifax Student Account shows
that the average student now pays almost £75 a week for accommodation. The study
also revealed that spending on food was almost £40. Back
to top August
2008: Comparison sites that leave people confused
- People shopping online for insurance or other financial products may not always
get the best deal if they rely on a single price comparison site, according to
research by Which? Money. Back
to top
August
2008: Irish Financial
Regulator warns consumers to check the excess on home insurance policies - Ireland
- For the first time, the home insurance cost comparisons feature the excess that
applies to each quote. This is the amount of each claim that consumers must pay
themselves and may only apply on certain types of claims. The comparisons show
that, depending on the provider, the excess can vary between €100 and €500, for
standard claims on a home insurance policy. Back
to top August
2008: Tourists risk card theft
- British holidaymakers are often complacent with their debit and credit cards
when abroad, a card fraud expert has claimed. Research by CPP revealed that over
a third of all card offences committed against UK citizens now occur in foreign
destinations, so holidaymakers need to be increasingly aware of the dangers when
using a card abroad. Back
to top
August
2008: New landlords advised to seek lettings protection
and Lettings market shines bright in housing gloom - Property owners who are turning
to the rental market should make sure they are protected against potential hazards
of letting properties, a lettings insurance provider has warned. The advice from
HomeLet for landlords and tenants follows The Royal Institution of Chartered Surveyors
(RICS) survey of residential lettings published on the 19th August.
Back
to top August
2008: Flash
Floods Hit Ireland on Saturday 9th August 2008 - The equivalent to a month's average
rain fell in parts of Dublin. Met Éireann said that in the 24-hour period from
midnight Friday until midnight Saturday 76.2mm of rain was recorded at Dublin
Airport, a new record for August. Back
to top August
2008: NatWest Student Living Index 2008 - NatWest
unveils the fifth Student Living Index - an annual study examining student spending
habits and how students offset these costs and unveiling a league table of Britain's
major university towns. Back
to top August
2008: EIS Completes Rebranding Exercise to
Become Barbon Insurance Limited - Erinaceous Insurance Services Limited (EIS)
is delighted to announce the completion of its rebranding exercise and from today
will operate as Barbon Insurance Group Limited. The name change and unveiling
of the new corporate identity reinforces the company's position as one of the
UK's leading independent property and commercial insurance brokers. Back
to top August
2008: AXA research reveals
increasing numbers unable to afford their rent - UK - As the housing market focuses
on mortgage arrears and repossessions, AXA can reveal that the private rental
market could also be heading for a bumpy ride. According to research from the
insurer, the number of private renters slipping into arrears because they simply
can't afford the rent is rising. Back
to top
August
2008: Soaps Are Missing The Truth Over Convictions
-Emerdale has Andy, Coronation street has David & Kevin, East enders has several
! Charecters who have recentley been released from prison. A plea to the producers
of these shows to please also show thissues faced by ex offenders and their families.
All of the charecters who have served prison sentences return to their virtual
familiy life & virtual family Has no producer thought to go beyond the "box" and
show the true effects & reality of how a criminal conviction and the effects on
the familiy and their home. Back
to top July
2008: Allclear Travel Insurance to be headline
sponsor of Travel Convention ABTA is delighted to announce that AllClear Travel
Insurance - the Bishopscourt Group's flagship brand, has become a Headline Sponsor
of the 2008 Travel Convention. Back
to top July
2008: Liverpool Victoria Banking Services to pay
£840,000 fine plus compensation to PPI customers following FSA investigation and
Liverpool Victoria fine proves PPI mis-selling is still a problem, says Which?
Back
to top July
2008: FSA fines Hastings Insurance Services Ltd (Hastings)
£735,000 for not treating customers fairly - During two separate periods between
July and September 2007, Hastings discovered that due to an internal system error,
inaccurate insurance quotations were given to customers, which resulted in some
of them paying significantly lower premiums than they should have. Hastings cancelled
the policies but in doing so failed to give sufficient consideration to paying
the premium shortfall to the insurance provider or investigating other possible
remedies Back
to top July
2008: Renters on the Rise and Americans Face Increasing
Risk for Property Loss - As the number of Americans renting homes increases with
the current housing foreclosure crisis, a new survey released today by Allstate
finds most renters are inadequately prepared to protect their belongings.
Back
to top July
2008:Sainsbury's Home Insurance is warning
cyclists that there is a significant risk of their bike being stolen whilst stored
at home, not just while they are out and about. Back
to top July
2008:
swiftcover.com uncovers Britain’s car-theft hot spots -
The insurer has compiled a list of the ‘most likely’ victims of vehicle-related
theft from its claims database from April 2007 – April 2008. The figures incorporate
both theft (attempted and actual) of the vehicle itself and personal belongings
Back
to top July
2008: UK lending institutions may chase up
to €32 million in unpaid car loans in Ireland - There have been almost 40,000
vehicles imported from the UK & Northern Ireland in 2008 and 8% of these are still
on finance. Back
to top July
2008: BIBA wins prestigious sector representation
award - The British Insurance Brokers' Association (BIBA) has won the Sector Representation
Award at the prestigious Trade Association Forum Best Practice Awards.
Back
to top July
2008: Accident Prone British Teenagers in Jeopardy
as they Holiday Uninsured - 100,000 British teenagers are to jet off on holiday
this year without their parents or insurance. An estimated half a million teenagers
will take their first parent free holiday this summer. Back
to top
July
2008: Irish
Government's health insurance risk scheme set aside - The Supreme Court has ruled
that the Government's risk equalisation scheme for health insurance is based on
a wrong interpretation of the law and should be set aside - Statement from Vhi
Healthcare re: Supreme Court Decision Back
to top July
2008: Additional investment of over £700 million
needed to address flood issues across UK - £800m government commitment inadequate
- AXA calls for clear accountability and increased investment to deal specifically
with drainage problems that cause flooding, along with a larger financial commitment
from central and local government to address infrastructure issues.
Back
to top July
2008: BIBA Brokers offer cover for flood prone properties
not protected by the Government and insurance industry agreement - The British
Insurance Brokers' Association (BIBA) has welcomed today's agreement between Government
and the Association of British Insurers (ABI) to ensure that flood insurance remains
widely available. Despite this, BIBA believes that there are still properties
that will be excluded from this agreement and will need specialist advice from
an insurance broker. Back
to top July
2008: Research released from Sainsbury’s Car Insurance
highlights dangers of bad driving habits - In 2007 there were an estimated 182,115(2)
accidents in which people were injured on Britain's roads; new research released
today from Sainsbury's Car Insurance indicates why this is perhaps not surprising.
Back
to top July
2008: Lloyds TSB launches pick-and-mix home insurance
-Lloyds TSB Insurance has launched a new buildings and contents policy aimed at
the customers aged 50+ who is keen to select the exact cover they need, without
paying for unwanted extras. It is called The Personal Home Plan. Back
to top July
2008: Martin & Co announces three year deal with
HomeLet - The UK's number one letting agent Martin & Co has signed an exclusive
three-year deal with HomeLet - the market-leading insurance provider for the lettings
industry. The lettings franchise group is now HomeLet's largest client. On Monday
7th July 2008 HomeLet's parent company, EIS, announced that it will be changing
its name to Barbon Insurance Group Limited in August as part of a rebranding exercise
following a change of ownership.
Back
to top July
2008: Agreement
on Flood Insurance is good news for customers - The ABI (Association of British
Insurers) and the Government have reached agreement that ensures flood insurance
remains widely available now and in the long term. Back
to top July
2008: New
ABI consumer guides on HIV and insurance published - The ABI has published an
updated version of its Consumer Guide for Gay Men on HIV and Life Insurance, and
a new Guide on countries with high HIV prevalence and insurance. Back
to top July
2008:
Fuel theft breakdowns double since January 2008 - says RAC - RAC has released
new figures which show that breakdowns caused by fuel being stolen from vehicles
has doubled since the beginning of 2008r. The RAC data reveals the extent to which
the problem has swept over the UK in the past six months. Back
to top July
2008: Over
three million drivers admit driving home tired after flying - Ending Your holiday
with a bang - 3.2 million people admit to driving home tired after flying long-haul,
posing a risk of accidents to both themselves and other road users reveals Saga
Motor Insurance. Almost 1.3 million drivers also admit to usually drinking on
long haul flights and then driving home when they land.Back
to top July
2008: Research survey says - UK: Holidaymakers scrimping
on travel insurance - The credit squeeze may be pushing travel insurance to the
bottom of the pile for hard-up holidaymakers. More than half of British holidaymakers
(51%) say that travel insurance could fall off their list when planning their
holiday this year as they feel the pinch of the credit crunch, according to new
research out today.Back
to top July
2008: Insurers detect record amounts of motor fraud:
£5 million a week - Driven to deception - insurers detect record amounts of motor
fraud - Dishonest motorists who see insurance as a way to clear their debts or
make money face a nasty surprise. Figures released today by the ABI (Association
of British Insurers) show that last year insurers uncovered 24,000 fraudulent
motor insurance claims worth £260 million
Back to top July
2008: RSA launches new bespoke Professional Indemnity
product - Insurer RSA today launches a new ‘Solicitors' package, offering tailor-made
Professional Indemnity (PI) insurance to medium sized solicitor firms. Aimed at
firms with a practice of 10 to 40 partners, ‘Solicitors' has been designed to
address the risks faced by those in the professional services industry requiring
more than a standard PI product Back
to top June
2008: Nearly
seven million people have never been on holiday outside of the UK as many as 15%
of British adults – some 6.96 million people – have never been on holiday abroad.
Sainsbury’s Travel Insurance - As many as 15% of British adults - some 6.96 million
people - have never been on holiday abroad. Sainsbury's Travel Insurance(1), warns
however that calamity can still strike whilst in the UK and that travel insurance
is just as essential for UK holidays to cover instances such as lost or stolen
luggage and belongings or travel delays. Indeed UK residents take more than 50
million domestic holidays a year, spending £10.9 billion. Back
to top June
2008: HomeLet staff gain promotions - HomeLet the
Landlord and Tenant insurance provider and Tenant referencing company has promoted
three members of staff. Kelly Sleight, Matthew Carter and Westley Marcham have
climbed higher up the ladder at HomeLet in Lincoln. Back
to top June
2008: Resolution Hardens Among Buy to Let Investors
- The Prime Investors in Today's Property Market - Buy to Let landlords are increasingly
resolved to maintain their portfolios of residential investment property. This
is despite the fall in house prices. Only a tiny minority, 1.3%, expects to sell
because of current market conditions. 7.3% may alter their let portfolios, while
four out of ten expect to increase them during the coming twelve months.
Back
to top June
2008: ABI
June 2008 Press Releases Flooding in UK - Pitt report on the 2007 summer floods
must be acted on says the ABI and Scotland getting it right on managing flood
risk says the ABI Back
to top June
2008:
Hibernian Insurance - Ireland announces reorganisation to increase efficiencies,
reduce costs and support growth - Hibernian, part of Aviva, and Ireland's largest
insurer, has announced today that it will reorganise its business to increase
operational efficiencies, reduce costs and support its continued growth. This
announcement follows a comprehensive business review, which examined all aspects
of the Company's operations. Over the next three years, Hibernian will gradually
move part of its service and support functions to Aviva's well-established global
services centre in Bangalore, India. Back
to top June
2008: Homeowners
set to have a smashing time during Wimbledon 2008 - As Wimbledon Mania sweeps
the nation once again, Halifax Home Insurance advises budding tennis aces to take
care near the home to avoid accidental damage. Accidental damage cover could help
hapless sports fans to protect their homes. Back
to top June
2008: Motorists
warned to check they are fully covered before clocking up the miles abroad - Around
17% of people are planning to take their cars abroad over the next 12 months,
according to new research from Sainsbury's Car Insurance. However, unless they
inform their insurer before they set off, they could find that their fully comprehensive
policy in the UK has diminished to third party. Back
to top June
2008: Framework
for a Fairer Future – The Equality Bill - ABI - Association of British Insurers:
Information, not legislation, is best way to help older insurance customers -
Today's announcement of the Government's intention to publish an Equality Bill,
which would include provision to outlaw unjustifiable discrimination based on
age, ‘will not affect the differential provision of products or services for older
people where this is justified.' Back
to top June
2008: Public
demand more action to reduce flooding - opinion research published by the ABI
- One year on from 2007's devastating floods three-quarters of people think that
not enough is being done to tackle flooding, according to opinion research published
today by the ABI (Association of British Insurers). Improving drainage is seen
as the number one priority. There is also widespread support for the Government's
target of three million new homes by 2020 to be reduced if it would lead to more
homes at risk of flooding. Back
to top June
2008: UK: Residential property owners need
to be vigilant, with cannabis farming on the increase, warns Norwich Union - Residential
landlords may not be covered if their property is damaged by tenants using it
for cannabis production, warns Norwich Union. Mike Colmans, underwriting manager,
property owners, Norwich Union, said: "As with most insurance policies, the duty
of care element means a landlord must protect his investment and minimise his
losses. This means it is important to be aware of the warning signs and make sure
all ‘reasonable precautions' are taken." Back
to top June
2008: Insurers
widen access to home insurance in the North East -The ABI has teamed up with insurer
RSA and brokers Marsh to bring together housing providers from councils and housing
associations at an event in the North East today, with the aim of widening access
to home contents insurance. Back
to top June
2008:
Drivers
Down Under Hit by biggest Car Hire Excess Charges – Don’t go the distance without
protection, warns INSURANCE4CARHIRE.COM - Excess charges incurred by drivers in
Australia disproportionately high compared to other motorists - Drivers charged
as much as £2,000 for damage excess - Save £££'s by taking out an annual worldwide
Excess insurance policy Holiday makers hiring a car Down Under are presented with
the biggest excess charges for car hire compared to anywhere else in the world,
according to independent excess cover provider Insurance4carhire.com.
Back
to top June
2008: New
Customer relations manager for EIS Insurance Solutions -The Property and Commercial
Division of EIS Insurancey Solutions has announced the recent appointment of Matthew
Wiles as Customer Relations Manager for its Property and Commercial Division.
In this wide-ranging new role Matthew will be responsible for the management of
several key accounts as well as maintaining and enhancing the partnership between
BIBA and Letsure's Bibalet scheme.Back
to top June
2008: No Soaring Rents as Supply and Demand
Levels come into Balance, Quarterly ARLA Survey shows - Marginal falls in rental
returns for houses and flats are reported in the latest quarterly survey of ARLA's
member letting agents published today, June 9. This, ARLA believes, is due to
the number of new developments coming on-stream. The Association also points out
that this demolishes the myth that rent levels are soaring.
Back
to top June
2008:
Norwich
Union Insurance (Aviva) announces update on major operational transformation and
Unite reaction to Aviva (Norwich Union) job loss announcement. Aviva, the owner
of Norwich Union, will cut up to 1,800 jobs by 2010 as it restructures its insurance
operations. Unite reaction to Aviva (Norwich Union) job loss announcement
Back to top June
2008: Insurance industry responds to Competition
Commission’s findings on Payment Protection Insurance (PPI).. Back
to top June
2008: Lack of Euro fever gives warning to drivers
- Euro 2008 begins this weekend but with no home nations qualifying this year,
research by online car insurance expert elephant.co.uk has revealed that this
could also be bad news for drivers as well as football fans. Back
to top June
2008: Ex-offenders
charity speaks out over industry policy of exclusion The aggregator market has
been criticised for failing to make it clear to ex-offenders that they must declare
convictions. The criticism followed the launch of a campaign by charity Unlock
- the National Association of Reformed Offenders - to remove the blanket exclusion
by most insurers for people with convictions, and to introduce risk assessments
to create more suitable policies for ex-offenders. Back
to top June
2008: Research from Halifax Home Insurance reveals
Gadgets graveyard: £2.6 billion of unused kitchen appliances. Over a quarter of
a million British households have more than £500 worth of abandoned kitchen gadgets
stored away. Back
to top June
2008: Workers fear consequences of being off sick
- Saga Insurance Research - A study by Saga Private Medical Insurance* has revealed
that almost half (43%) of workers are embarrassed or worried about the negative
effect on their career or feel paranoid when they return to work after a period
of illness. Despite these fears, 29% of all workers have been off ill for more
than five consecutive days in the last two years and over a third (38%) admit
to having pulled a ‘sickie'. Back
to top May
2008: New FSA travel insurance regulation will protect
consumers. The Financial Services Authority (FSA) today published a Policy Statement
setting out the final rules for regulating travel insurance sold alongside a holiday
- known as Connected Travel Insurance (CTI). This is mainly sold by travel firms
and holiday providers. Back
to top May
2008: Insurance
rates at 25-year low but reform benefits fully absorbed - Irish Insurance Federation
- Dangers of Over-Regulation Highlighted - Brendan Murphy has been elected President
of the Irish Insurance Federation (IIF) for 2008/09 at the IIF's AGM on the 23rd
May 2008 Back
to top May
2008: Questor appoints 2 Business Associates
- Questor has appointed two Business Associates to support its telephone and post
sales operations. Back
to top May
2008:
Questor Insurance re-launches its web site
- Questor's Chief Executive Andrew Lawrence, today annouces
the relaunch of the Questor Insurance web site www.quesor-insurance.co.uk
Back
to top May
2008: Cartell.ie
now offers complete UK and Irish car history check service - now offering buyers
a car history check on vehicles imported from the UK and Northern Ireland. This
new service, which is only available from Cartell.ie, will provide much needed
reassurance for car buyeers by giving them all the information they need about
a vehicle before they purchase it.
Back
to top May
2008: Flash
floods hit west of England 29th May 2008.Half of Somerset was hit by flooding
on Thursday night after a bout of torrential storms. Fire crews tackling flood
emergencies in Somerset said it was their "busiest night in living history". Firefighters
evacuated homes in the worst hit areas of south Somerset after a sudden and heavy
burst of rain between 6.30pm and 7pm yesterday Back
to top May
2008: More homeowners at risk than in 1992 recession
- AXA Insurance research. Nearly 16 years since the last major economic downturn
in the UK, research published by AXA1 reveals that UK homeowners have failed to
learn the lessons of 1992 - there are more people at risk of falling into mortgage
arrears or having their home repossessed, and the vast majority of homeowners
have no protection in place to guard against possible financial hardship. Back
to top May
2008: The Supply of Rented Housing - Select Committee
Could Have Gone Further, says ARLA. Although welcoming the Select Committee report
into the supply of rented housing, published today, ARLA, the Association of Residential
Letting Agents, believes that it could have said more to help consolidate and
build on the successes of the Private Rented Sector over the past decade. Back
to top May
2008: Travel Trouble Ahead! - Travel insurance policy
holders prioritising cost over cover. - 48% of those travelling, are doing so
without travel insurance - Claims paid for emergency treatment abroad reach €11
million Back
to top May
2008: Ombudsman service publishes annual review of
personal finance disputes.The Financial Ombudsman Service - the independent organisation
that settles disputes between consumers and financial companies – today publishes
its annual review for the 2007/08 financial year. The review shows that during
the year, the ombudsman: Back
to top May
2008: Drivers pressured to take crash blame - New
report reveals different crash reaction types. New report reveals different crash
reaction types and provides advice on dealing with an accident Back
to top May
2008: Lack of insurance
in small business. New research commissioned by Insurantz.com has revealed that
29% of small businesses are eschewing business insurance. The unexpected finding
means that almost three in ten firms are exposing their customers, staff and business
to unnecessary risk. Back
to top May
2008:
Gocompare.com
welcomed into BIBA membership. BIBA calls for all comparison sites to follow the
Gocompare.com model as comparison site welcomed into BIBA membership.
Back
to top May
2008: RSA
launches Fashion Insurance Solutions - Insurer RSA has today announced the launch
of Fashion Insurance Solutions, a new product designed for large Italian fashion
houses and luxury fashion companies. Back
to top May
2008: Nationwide Building Society offers Twenty percent
discount now and next year on combined Buildings and Contents insurance. Nationwide
Building Society offers 20% discount now and next year on combined Buildings and
Contents insurance -Plus a 10% saving when purchased online Back
to top May
2008: AXA launches new Independent Travellers insurance
for growing market of 'go-it-alone' holiday makers -AXA launches new Independent
Travellers insurance for growing market of 'go-it-alone' holiday makers 24/05/2008
Despite the increasing economic gloom, the holiday season is approaching and millions
of Brits will be preparing to travel abroad over the summer months. But AXA warns
that increasing numbers of people arranging their own holidays may be leaving
themselves exposed despite taking out travel insurance.
Back
to top
May
2008: RSA survey reveals over half (56%) of Britons
think it’s unlikely people who commit insurance fraud will get caught. But the
possibility of a black mark on their financial record would make 78% of people
think twice about committing fraud. Back
to top May
2008: Norwich Union urges employers to give young
people a safe start - Norwich Union is urging employers to be aware of their responsibilities
when taking on any young people in the workplace. "Accidents are the greatest
single threat to the life of children and young people." Back
to top May
2008: ABI welcomes Government plans for a floods
and water bill - Today’s announcement in the draft Queen’s Speech that the Government
plans to consult on a draft floods and water bill, following publication of the
Pitt Review into last summer’s floods, shows that the Government is recognising
the scale of what needs to be done says the ABI (Association of British Insurers).
Back
to top May
2008: More transparency needed in comparison websites
says BBA -The British Bankers' Association (BBA) today called for more clarity
in comparison websites, although it acknowledged that the Financial Services Authority
(FSA) had made a step in the right direction in its review of insurance comparison
websites, published today. Back
to top May
2008: New findings highlight concerning pet insurance
misconceptions - Over 5.5 million pet owners believe they “do not need” cover
for their dog or cat(1) Over 11 million dog and cat owners have no pet insurance
cover for their pets... Back
to top May
2008: One in 10 UK adults has no home contents insurance
- Sainsbury’s Home Insurance is currently offering 12 months’ home insurance cover
for the price of nine (subject to conditions(2)) Some 4.7 million UK adults do
not have any home contents insurance, new research from Sainsbury’s Home Insurance
has revealed... Back
to top May
2008: Norwich Union Health Care -UK employees admit
that regular drinking affects their jobs - UK employers believe that ‘Booze Britain'
is contributing to a lack of productivity in workplaces up and down the country,
according to research released today. Back
to top May
2008: Insurance comparison websites must give customers
clear and accurate information says the ABI - Responding to the publication today
of the FSA's review of insurance comparison websites, Stephen Haddrill, the ABI's
Director General, said: "Comparison websites help customers get a good deal. The
best are those that provide clear, accurate and up-to-date information about the
policy cover as well as price... Back
to top May
2008: 1.15 million people admit to driving without
insurance over the past 12 months -Alarming new research from Sainsbury's Car
Insurance reveals that 1.15 million people(1) have admitted to having driven a
car in the last 12 months, without having insurance. Nearly two-fifths of these
people were aged 17 - 24 and a further 22% were aged 25 - 34. Back
to top May
2008: HomeLet and Letsure to build on successful
start to 2008 - Following the news in April that it's parent company Erinaceous
Group had gone into administration, HomeLet and Letsure, as part of the highly
successful insurance division of the Group, have been sold to an investment company
(Caley Limited) owned by three major banks - HBOS, HSBC, and Lloyds TSB.
Back
to top April
2008: Aviva
drops Norwich Union brand - Aviva announces today the final phase of the company's
move to a worldwide brand, Aviva, as part of its strategy to grow and transform
the business to compete on a global scale. Back
to top April
2008: EIS sale completed - New and stable long term
ownership for Rental insurance brands like HomeLet and Letsure in the UK - The
Board of EIS announces that completion has now taken place of the sale of EIS
to a new investment company (Caley Limited) wholly owned by leading banks HBOS,
HSBC, and Lloyds TSB. Back
to top April
2008: Cartell.ie
welcomes new open approach from insurance industry but vows to continue lobbying
for a safer system - Cartell the only independent car history checking company
, today welcomed the Irish Insurance Federation's (IIF) decision to share information
on a car's history with the government Back
to top April
2008: Drivers Abroad are stumped by hefty Car Rental
Excess costs, but could save £££’s on the holiday budget with an annual policy
- Holiday season kicks off this May bank holiday as thousands of Brits look forward
to a weekend in the sun, but standalone Excess insurance specialist Insurance4carhire.com
warns of costly excess waivers that could leave you spending more than you bargained
for. Back
to top April
2008:
Tripartite
system of financial regulation needs to improve, say insurers. The special resolution
regime is not the way. - The ABI (Association of British Insurers) today proposes
new statutory responsibilities for the Bank of England to promote financial stability.
The Association is responding to the consultation paper from the Tripartite Authorities
- Government, FSA and Bank of England - following the Northern Rock saga. Back
to top April
2008: Private Medical Insurance coverage rises again
- The number of people covered by Private Medical Insurance (PMI) broke the six
million mark for the first time in five years, according to latest figures from
the ABI (Association of British Insurers). Back
to top April
2008: Top 10 Boat Insurance Claims Revealed Saga
Insurance Research -Contrary to popular belief, theft is not the biggest risk
faced by boat-owners according to new research revealed by Saga Boat Insurance.
In fact boat-owners are 24% more likely to hit a submerged object than become
the victim of crime, with the average collision claim amounting to £2,419. Back
to top April
2008: Confusing car rental jargon, unclear insurance
policies and excessive excess – The Big 3 pitfalls that can leave you out of pocket
when hiring a car on holiday, warns Insurance4car.com - Wise-up and learn the
car rental company's terminology before you leave home to avoid costly mistakes
Back
to top April
2008: Cashback available for landlords for buy-to-let
mortgages - The National Landlords Association (NLA), the UK’s leading trade association
for landlords, has launched a brand new service for all landlords, called NLA
Mortgages. Back
to top April
2008: RBS Considering selling insurance Division
- Following RBS's announcement of asking it shareholders for up to £10 billion
in rights isues late last week, it is expected that the insurance division might
now have to be sold. The RBS Group (Royal Bank of Scotland) owns NatWest, Ulster
bank (in Ireland) and Coutts (the Queen's bankers) and well known insurance brands
- Direct Line , Privilege and Churchill. Back
to top April
2008: EIS separates
from Erinaceous Group - New and stable ownership - EIS Insurance Solutions - Announcement
14th April 2008 The three major UK banks to Erinaceous Group plc (ERG) have today
agreed to acquire EIS through a corporate vehicle owned by them. HomeLet and Letsure
are owned by EIS Back
to top April
2008: Insurers withdraw cover for Terminal 5 travellers
- Travellers passing through Heathrow’s Terminal 5 may experience difficulties
purchasing insurance for flight delays and lost baggage. A number of companies
are withdrawing cover for those using the £4.3 billion terminal, which has seen
various states of chaos since it opened on 27th March. Back
to top April
2008: Endsleigh adds buy.at to affiliate marketing
programme - Endsleigh adds buy.at to affiliate marketing programme 18 April 2008
New affiliate marketing programmes to drive applications for insurance quotes
Endsleigh Insurance Services Ltd is extending its affiliate marketing activity
with the addition of the buy.at affiliate network. The activity will increase
quote applications for Endsleigh’s insurance products, ranging from car and home
insurance to pet, landlord and tenant insurance. Back
to top April
2008: Erinaceous placed in administration - Erinaceous,
the property services company, has been placed in administration.It is understood
that KPMG has been appointed administrators and that creditors are likely to take
control of some the group’s businesses, including insurance subsidiary EIS
Back
to top April
2008: Endsleigh launches SME range - Endsleigh, the
independent insurance intermediary, has launched a range of products for small
and medium sized enterprises (SMEs). Available online via the group’s Business
Insurance Services division, cover can be provided for a wide range of risks across
the SME market. Back
to top April
2008: Britons holidaying in a bubble - New research
reveals that while millions of Britons are taking exotic package holidays, the
majority spend their breaks in the ‘bubble’ of their resort. Back
to top April
2008: One million people
believe their pet dogs or cats have been stolen - Sainsbury’s Pet Insurance provides
up to £1,000 towards the advertising costs for a lost dog or cat and up to £750
compensation if the pet is lost or stolen and not returned Back
to top April
2008: South East England has most high maintenance
Pets - Analysis by Saga Pet Insurance* has revealed that the South East is the
most expensive part of the country for pet owners who may have to take their animals
to the vet - the average vet bill in the South East is £98.64 (43%) more expensive
than in the cheapest region, Wales... Back
to top April
2008: ABI Flood resilience kitemark needed for new
homes - A new flood resilience kitemark is needed for housing developments planned
in the floodplain, the ABI (Association of British Insurers) said today. Back
to top April
2008: BIBA Urges action from Government to safeguard
UK Property - The British Insurance Brokers' Association (BIBA) has today called
for the Government to establish a single body to take overall responsibility for
flooding and to co-ordinate a unified approach with the various stakeholders.
The call comes as BIBA formally responded to Sir Michael Pitt's Flooding Lessons
Learned Review. Back
to top March
2008: Trusting
travelers tripped up by Holiday Car Hire pitfalls – Wise up or pay up, says Innsurance4carhire.com
- As thousannds of families with school age children prepare to hit the road in
hired vehicles this holiday period, standalone Excess insurance specialist Insurance4carhire.com
warns of a number of key pointers drivers need to be wary of when using car rental
firms at home and abroad. Back
to top March
2008: Calls grow for the Government to act now on
reforming personal injury compensation - The ABI (Association of British Insurers)
has today joined forces with the CBI and Citizens Advice to call for the Government
to introduce its proposals for reforming personal injury compensation without
delay. These will enable personal injury compensation to be paid more quickly
to injured people..
Back to top March
2008: Brits set to get stung this Easter with Sky-High
excess insurance costs – EU car rental firms cash in on UK drivers with massive
excess charges - Easter is likely to see thousands of Brits heading for the sun.
But holiday makers driving rented cars in the Eurozone are vulnerable to huge
Excess charges of up to £1,000 which car rental firms can swipe from their credit
cards, reports standalone Excess insurance specialist Insurance4carhire.com...
Back
to top March
2008: More motorists willing to accept lower speed
limits in residential areas - The national 30mph speed limit in built up areas
was first imposed 74 years ago this week, but research by car insurance expert,
Admiral reveals that an increasing number of us would be in favour of reducing
it to 20mph. Back
to top March
2008: Learn to drive,
not drive to learn - latest ABI research shows the real risks faced by young drivers
- Latest research from the ABI (Association of British Insurers) highlights how
vulnerable young drivers are to having a serious motor accident. Every day four
people are killed or seriously injured in accidents involving young drivers. The
findings reinforce the ABI's call for a minimum one-year learning period for all
learner drivers, and restrictions on the number of teenage passengers young novice
drivers can carry. Back
to top March
2008: Age no barrier to protection for older drivers
– Low cost excess waiver policy helps over 75s stay on the Road - A significant
increase* in the number of senior citizens hiring cars while holidaying abroad
has triggered a need for low cost car rental excess protection for the over-75
age group, reports Insurance4carhire.com. Back
to top March
2008: BIBA respond to FSA consultation paper CP07/22
Regulating connected Travel Insurance (CTI) - The British Insurance Brokers' Association
(BIBA) has responded to the Financial Services Authority (FSA) consultation paper
outlining its members' view that firms selling connected travel insurance should
be subject to the same regulatory environment as specialist insurance intermediaries.Back
to top March
2008: Brits go holiday crazy reckons major survey
– but Insurance4carhire.com says watch out for excess car hire charges - BRITS
are sloping off on holiday more than ever before, a major survey* on holiday patterns
has revealed. But the fact that we are now taking more breaks than ever means
holidaymakers are increasingly exposed to the perils of car hire excess charge
penalties, warns excess waiver insurance provider Insurance4carhire.com Back
to top March
2008: Halifax home insurance issues advice to those
at risk from Britains forecast weather - As severe windstorms over 80mph batter
many parts of Britain, and with some areas now under threat of imminent flooding,
Halifax Home Insurance offers some timely advice to homeowners Back
to top March
2008: Zurich Insurance claims that UK Tenants are
gambling with their possessions - survey results published March 2008 - According
to Zurich Insurance UK tenants are gambling nearly £8 billion of personal possessions
by not protecting themselves against crime or bad weather. Back
to top March
2008: ABI budget response 2008: consumers need to
protect themselves - Protecting people in a tougher economic climate "From today
consumers will be tightening their belts. Many people face higher taxes and tough
news about the economy. Consumers need to protect themselves, especially those
who hold part of the UK's £1.4 trillion of consumer debt. They should review their
finances and consider whether to insure themselves against losing their job or
becoming ill. Back
to top March
2008: insurance4car hire.com -The Observer compares
costs March 2008 - Huma Qureshi who is a personal finance and property writer
for The Observer and who recently won the most promising newcomer award from the
British Insurance Broker's Association wrote an article in The Observer on Sunday
9th March. Back
to top February
2008: Cost
of storm damage can hit the roof - New research by Halifax Home Insurance reveals
that over 1.5 million British homes’ roofs were damaged last year, as winds of
up to 77 miles per hour whipped across Britain and caused a staggering £4.5 billion
of damage. Back
to top February
2008: The Great Excess Insurance rip-off - EU Car
Rental firms fleece Brit drivers with massive excess Penalties -BRITS driving
rented cars in the Eurozone are vulnerable to huge Excess penalties of up to £1,000
which car rental firms can swipe from their credit cards, reports standalone Excess
insurance specialist Insurance4carhire.com... Back
to top February
2008: Landlords are in it for the long-term - UK
landlords are still committed to buy-to-let in the long-term despite recent market
turbulence, according to independent research commissioned by The Money Centre.
Back
to top February
2008: Review of last summer's floods (2007) and the
statement of Principals on flood insurance - DEFRA- ABI - Tougher planning controls
are needed if flood insurance is to remain widely available for new homes the
ABI (Association of British Insurers) said today (14 February). Of the three million
new homes the Government plan to be built by 2010, a third will be on the floodplain
Back
to top February
2008: Unsaleable, Uninsurable, Uninhabitable - Tougher
Planning Controls Needed for New Homes says the ABI - Tougher planning controls
are needed if flood insurance is to remain widely available for new homes the
ABI (Association of British Insurers) said today (14 February). Of the three million
new homes the Government plan to be built by 2010, a third will be on the floodplain
Back
to top February
2008: Post office launch new Pet Insurance Product
A third more pet-owning adults would buy medical insurance for their pet than
for their partner according to new research from the Post Office - A third more
pet-owning adults would buy medical insurance for their pet than for their partner
according to new research from the Post Office, which this week launches a new
pet insurance policy for the UK's cats and dogs. Back
to top February
2008: OFT publishes credit card comparisons report
- The OFT has published its report into credit card comparisons, which makes a
series of recommendations to help consumers choose a credit card. Back
to top February
2008: Nationwide says new OFT/FSA Comparison site
is a step in the right direction - Nationwide Building Society sees the joint
launch of a new credit card comparison site by the Office of Fair Trading (OFT)
and the Financial Services Authority (FSA) as a valuable tool for consumers and
a long-awaited addition to the industry. Back
to top February
2008: Coping with a crisis: ABI advice on protecting
your financial needs - New research commissioned by the ABI shows that nearly
a quarter of people have no idea how they would cope should they lose their regular
income. Insurance can, however, play an important role in helping people to meet
their financial commitments. Back
to top February
2008: The Independent Newspaper starts campaign to
clean up comparison sites -Towards the end of January 2008, James Daley, The Independent's
Personal Finance Editor reported that the FSA was to investigate comparison sites.
This followed on from The British Insurance Brokers Association (BIBA) raising
questions about protection for consumers who use comparison sites Back
to top February
2008: Nationwide research reveals one in three holidaymakers
fail to take out Travel Insurance -According to a recent study by Nationwide,
many people are going on holiday without taking out adequate travel insurance.
One in three (35%) of those questioned do not always take out travel insurance
when they go on holiday, so would not be fully covered in the event of any cancellation,
medical emergency or theft of personal belongings.Back
to top February
2008: Senior management must take responsibility
for health and safety warns Norwich Union Risk Services -Senior managers and directors
may be risking the lives of their staff by not having up to date knowledge of
health and safety related duties and responsibilities, warns Norwich Union Risk
Services (NURS). Back
to top February
2008: Norwich Union announces £2.3 billion special
bonus and puts third, improved reattribution offer to Policyholder Advocate -
Norwich Union Life, a division of Aviva plc ("Aviva"), today announced a one-off,
special bonus worth around £2.1 billion for around 1.1 million with-profits policyholders
in its CGNU Life and CULAC with-profits funds
Back to top January
/ February 2008: Erinaceous puts insurance division
up for sale - Erinaceous's has given it's accountants and business analysts Deloitte
instruction to find potential buyers for the insurance division. The report in
the Sunday Telegraph said following it's financial difficulties in 2007 with it's
share price falling by over 90 per cent. The insurance arm made an adjusted profit
of £14.4m, out of a total group profit of £41.2m. Back
to top January
2008: Towergate Partnership announces the acquisition
of Insurance 4 Car Hire Agents Ltd - Towergate Partnership announced the acquisition
of Insurance 4 Car Hire Agents Ltd (I4CH), an internet based insurance agency
providing specialist insurance products for the car rental market. I4CH will form
part of Towergate's Retail Division headed by Amanda Blanc. Back
to top January
2008: ABI Expands its Public Affairs team - The ABI
(Association of British Insurers) has appointed Amy McLaren to join its busy Public
Affairs team as Parliamentary Affairs Adviser, working across all insurance, pensions
and savings issues. Back
to top January
2008: BIBA calls on FSA for immediate review of regulation
of comparison sites -Nick White, Director of Products at uSwitch.com, the independent
online price comparison and switching service, responds to the British Insurance
Broker's Association's (BIBA) call for the Financial Services Authority (FSA)
to immediately review comparison site regulation Back
to top January
2008: BIBA Comparison site regulation -The British
Insurance Brokers' Association (BIBA) is calling on the Financial Services Authority
(FSA) to urgently review its Insurance Conduct of Business rules for electronic
introductions, following independent research into price comparison websites.
Back
to top January
2008: Irish roads awash with 'written off' cars imported
from UK - Cartell the only independent car history checking company claims that
up to 23,000 vehicles imported from the UK which were classed as 'write offs'
by UK insurers may have been issued with Irish registrations. Back
to top January
2008: ABI proposals to give consumers more transparent
financial advice. Industry calls for strong partnership to deliver implementation
- Paying for financial advice should be made more transparent and easier to understand,
according to the ABI's submission to the FSA's Retail Distribution Review, published
today.Back
to top January
2008: Customers will benefit from pioneering new
insurance industry commitment on protection insurance claims - Insurance companies
have today announced that they will pay more claims for Critical Illness, Income
Protection and life insurance where medical information has not been disclosed,
unless the customer deliberately withheld it. This important new commitment will
lead to a further fall in the number of declined claims.Back
to top January
2008: RTÉ Television programme highlights Ireland's
top earners in 2007 - RTÉ1 Television in Ireland showed a programme hosted by
Craig Doyle on Thursday 27th December 2007 with the top 50 men and women in the
country who had made the greatest financial gains in the year Back
to top Please
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