The Insurance Fraud Bureau (IFB) reports its analysis has identified over 17,200 motor insurance policies displaying signs indicative of policy fronting. The IFB has passed these findings to the affected insurers for them to investigate. The IFB used its software to conduct the fronting analysis exercise, which also extended to identifying insurance claims made against [...]
Delegates at the recent Aon Risk Symposium held in Madrid heard that Aon Corporation, global provider of risk management services, insurance and reinsurance brokerage, and human capital consulting, has seen increased demand and enquiries for business interruption (BI) insurance, yet a decreasing appetite of insurers to pay claims for this type of insurance. Although the [...]
Consumers have been warned to consider the implications of a drink driving offence, especially in terms of car insurance, this Christmas. Neil Greg, director of research and policy at the Institute of Advanced Motorists, issued this warning to those planning to go out this Christmas, including work parties. He stated: "For many insurance companies it [...]
As the waters subside claims experts and loss adjusters from Aviva have begun visiting homes and businesses affected by yesterday’s floods. Emergency payments have already been made and alternative accommodation is being organised where needed. Once properties have been visited and the damage assessed, water-soaked fixtures and fittings can be removed and the drying can [...]
If you’re planning a bonfire party at your home this coming Guy Fawkes Night, insurance experts are warning home owners to ensure they have adequate cover in place in case of any accidents. According to official statistics, 6,600 people are injured every year as a result of fire work related injuries, with 50% of these [...]
As winter weather manages to deter most motorcycle enthusiasts, Swinton Bike Insurance is advising motorcyclists everywhere to purchase a winter hack, making sound financial sense whilst putting some fun into winter riding. Swinton Bike Insurance : completed an online survey of 1200 respondents, and found only 12% of motorcyclists currently have a winter hack, which [...]
Accident-prone young drivers and a surge in fraudulent claims are key factors behind the steep rise in motor insurance premiums which threaten to drive some motorists off the road. According to the benchmark AA British Insurance Premium Index, motorists faced a startling increase of 11.5% in the third quarter, based on the cheapest three quotes [...]
Insurancewith has launched a travel insurance policy for people with Diabetes. It is supporting Juvenile Diabetes Research Foundation (JDRF) in its search for the cure for type 1 diabetes, with £1 from every policy sold from insurancewithdiabetes.co.uk donated to the charity. Type 1 diabetes is a chronic, life threatening condition that has a lifelong impact [...]
Some motorists who fit winter tyres to their car to cope with snow are being charged higher insurance premiums, it has been claimed. AA Insurance Services says some people have been told to pay up to 20% more. Winter tyres should be much safer in the snow, but some insurers have been counting them as [...]
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