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News archive

March 23rd, 2016 at 12:00 AM

Use of telematics devices rises to keep car insurance lower

Figures provided by the British Insurance Brokers' Association (BIBA) show that half a million people are installing a black box into their car to make their car insurance cheaper, with the popularity of these telematics devices rising 40 per cent...
March 11th, 2016 at 12:00 AM

Car insurance helps boost esure profits

A rise in car insurance premiums has helped esure's full-year pre-tax profits to increase 29.7 per cent in the year up to 31 December. This brought the British insurance company's pre-tax profits up to £134m, although the company's underlying...
February 25th, 2016 at 12:00 AM

Top psychologist joins insurance startup firm

Lemonade, an insurance startup company based in New York, has hired psychologist Dan Ariely as its new chief behavioural officer, to try and put his ideas into practice. The insurance company is looking to see if the psychologist, who penned...
February 18th, 2016 at 12:00 AM

Cost of home insurance is rising

Recent figures have shown that a 3.5 per cent increase in insurance premium tax (IPT) has led to the average cost of a home insurance premium rising 3.1 per cent in the last three months. This represents an average price increase of £119, following...
February 5th, 2016 at 12:00 AM

Age UK criticised over insurance

Age UK, the largest charity in the UK for elderly people, is being criticised for selling insurance which might not be the best value for money. The charity has been accused of steering elderly people towards more expensive energy deals, in an...
January 28th, 2016 at 12:00 AM

One in five home insurance claims are rejected according to ABI

The Association of British Insurers (ABI) has released new figures which reveal that just 79 per cent of home insurance claims have been successful. This is considerably lower than the 99 per cent of car insurance claims and 87 per cent of travel...
January 22nd, 2016 at 12:00 AM

AA says car insurance costs 100 GBP more thanks to George Osborne

The cost of car insurance has risen by more than £100 a year because of George Osborne imposing a 'stealth tax' in his summer budget, the AA has claimed. Figures from the AA indicated that the average cost of a premium rose 10 per cent over three...
January 14th, 2016 at 12:00 AM

Research shows urgent car insurance cover is most expensive

The price of a car insurance policy rises dramatically the more urgently it is needed, research shows, as insurers cash in on motorists applying for cover at the last minute. Insurance companies raise their premiums, which peak on the day a...
January 8th, 2016 at 12:00 AM

Quarter of breadwinners without life insurance

Research indicates that many families in the UK are at risk of financial hardship after it was revealed that one in four breadwinners do not have life insurance, after a survey of 2,004 people in December. This figure represents approximately 8.5...
December 18th, 2015 at 12:00 AM

Five found guilty over largest car insurance fraud in UK

Five people have been found guilty in the UK's largest car insurance fraud investigation, with two others not guilty. Between 2009 and 2011, the group made six claims, which were worth £144,000. The huge scam has resulted in 81 total convictions...
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