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News archive

October 2nd, 2013 at 12:00 AM

FCA investigates insurers use of private investigators

The Financial Conduct Authority has warned that insurance firm managers are unaware of just how many investigations are being conducted by private investigators (PIs) in their name. According to the FCA, 60 per cent of insurers the watchdog...
September 30th, 2013 at 12:00 AM

ABI criticises government on young drivers

The Association of British Insurers (ABI) has warned the government it is not doing enough to improve young driver safety. According to the group, poor education and awareness of laws is costing three million new motorists £370 a year. The main...
September 25th, 2013 at 12:00 AM

Insurance company appoints new chief executive

Aviva has announced the appointment of Maurice Tulloch as the new chief executive of its UK and Ireland operations. Mr Tulloch joined the insurer in 1992 and was appointed the head of Canadian operations in 2009. Under his command, profits in...
September 23rd, 2013 at 12:00 AM

UKIP announces insurance plan

The United Kingdom Independence Party (UKIP) has launched its initiative to require all migrants entering the country to have medical insurance. Members of the political party met in central London at the end of last week (September 19th to 21st)...
September 18th, 2013 at 12:00 AM

ABI publishes insurance payout stats

The Association of British Insurers (ABI) has posted a new fact file that shows the UK insurance industry is paying out £187 million every day. These handouts include £1 million to holidaymakers stuck abroad or with health insurance problems in...
September 16th, 2013 at 12:00 AM

Car insurance firm bought by estate agency

A car insurance firm that was once part of the General Accident conglomerate has been bought by the private equity group that own Foxtons, the estate agency chain. Sources close to Sky News have revealed that BC Partners, which is among the UK's...
September 13th, 2013 at 12:00 AM

Broker reaches insurance deal landmark

A Teesside insurance broker has achieved the significant milestone of closing £10 million in deals per year. Henderson Insurance Brokers in Stockton was started four years ago after industry executive Joe Henderson decided there was a lack of...
September 11th, 2013 at 12:00 AM

Insurers toll costs after Sheppey Bridge crash

Insurers have begun to count the cost of the Sheppey Bridge crash - which damaged more than 130 vehicles. Although nobody died in the incident, which took place last week (September 5th), damage to cars, lorries and motorcycles was extensive and...
September 9th, 2013 at 12:00 AM

Flood insurance man may be unable to sell home

A man in Grimsby may be unable to sell his home unless he pays £1,200 a year for flood insurance. Simon Tutte, of Robin Walk in Great Coates, had his house flooded in 2007 because of excessive rainfall, according to the Grimsby Telegraph. The...
September 6th, 2013 at 12:00 AM

Insurance firm creates 100 jobs

A company that was founded near Blackpool with just six staff has announced it will add 100 new positions - bringing its total workforce number to 600. AI Claims Solutions, which is part of the Quindell group, will take on the personnel after it won...
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