UK Insurance News

The recession is being blamed for an alarming increase in the number of arson attacks in the UK, causing a record level of insurance payouts for fire damage during the first half of this year.
The Association of British Insurers (ABI) say that £639 million was paid out over the course of the first six months [...]

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Statistics from the Association of British Insurers (ABI) show an alarming rise in the number of fire claims over the two year period between the first half of 2007 to the first half of 2009.
Worringly a growing number of the claims are being contributed to arson and insurance company Aviva has warned businesses to be [...]

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Following a post on this blog last month in which  AA Insurance claimed that premiums for Buildings Insurance had increased by 10%, there is now a claim from Defaqto that many insurers are also raising the excess on policies to £100.
According to Defaqto 7% of insurers have raised the excess on their home and buildings [...]

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Latest research from AA Insurance shows that we are, or will be, paying 10% more for buildings insurance than we were a year ago. The AA findings suggest that the average premium for buildings insurance in the UK has risen to £223.92 a year.
The premium increase has been put down to rising claims for damage [...]

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Recent research carried out by YourMoney claims that homeowners in the UK are overpaying on their home and contents insurance by £500million collectively every year.
YourMoney claim that too many UK homeowners renew their buildings and contents insurance without reviewing their needs and not shopping around, resulting in customers paying an average of £180 per year [...]

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