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News archive

May 22nd, 2013 at 12:00 AM

Government plans to boost insurance industry with tax breaks

The UK government has announced plans to boost the insurance industry with perks including tax breaks as it looks to increase growth. It is hoped that providing tax breaks will prevent insurance companies from using tax-havens such as the Cayman...
May 20th, 2013 at 12:00 AM

New report criticises travel insurance companies

A Which? report has criticised travel insurance providers for failing to update their policies. The research found valuables like smartphones, tablet computers, watches, jewellery and cameras are inadequately covered by insurance companies who, in...
May 17th, 2013 at 12:00 AM

Government flood insurance deal extended

An expiring flood insurance deal has been extended by one month to allow for talks to replace the scheme to continue. The original scheme forced insurance companies to sell their products to flood-prone areas on the condition that prevention systems...
May 15th, 2013 at 12:00 AM

US insurance company creates NI jobs

AllState Corporation is creating 650 jobs at its technology division in Northern Ireland. The large US insurance giant said it has already hired 200 staff and would recruit the remaining 450 employees in 2016, according to the Financial...
May 13th, 2013 at 12:00 AM

Pangbourne residents meet insurers over flood concerns

Residents of the Berkshire town of Pangbourne have met with insurance industry representatives to air their concerns over the potential for the town to be flooded. Pangbourne was badly hit by heavy floods in 2007 and many residents are worried that...
May 9th, 2013 at 12:00 AM

Young drivers could save money with new technology

Young drivers could save on the cost of their car insurance premiums if they opt to use a small black box that tracks their driving habits. Research by MoneySupermarket.com found young drivers could save, on average, £201 from their premiums (12.5...
May 7th, 2013 at 12:00 AM

Ecclesiastical appoints new CEO

Mark Hews has been appointed as the new group chief executive of the Ecclesiastical Insurance Group (EIG). The Gloucester-based insurance firm announced the four year EIG veteran would take over control of the company from his highly-respected...
May 3rd, 2013 at 12:00 AM

Direct Line faces tough insurance market despite profits

Direct Life Insurance has announced it has seen a 47 per cent rise in its quarterly pretax profits. However, the UK's largest car insurer - which also offers home, pet and travel cover - also said its core motor insurance market is set to remain...
May 1st, 2013 at 12:00 AM

Co-operative Insurance offers cashback to young drivers

The Co-operative Insurance has spent £6 million on providing young car insurance customers with cashback earned through its telematics scheme. Nearly 90 per cent of individuals with one of the company's Young Driver policies have had an average of...
April 29th, 2013 at 12:00 AM

Car insurance premiums climb for young women

The average cost of car insurance for young women drivers saw a significant increase during the first quarter of 2013. According to the latest Confused.com/Towers Watson Car...
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