UK Insurance News

Insurance Group AXA have called on the UK government to improve surface drainage in the towns and cities that were affected by last years summer floods.
The company estimates that the improvements would cost the government around £720million and will push up the UK flood defence budget to £1.5billion for 2010/2011.
The insurer is also demanding a [...]

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Small business owners are subjecting their customers staff and business to unnecessary risk says a poll commissioned by Insurantz .com.
Almost 30% of those companies surveyed admitted to not being sure exactly what was covered by their insurance policy, while 12% did not even know if they were insured or not.
New businesses appear to be the [...]

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Risk advisor and insurance broker Aon, has reminded new London Mayor Boris Johnson that he is ultimately responsible for keeping the capital safe from flood.
Aon has warned that without a plan of action Johnson could be responsible for hikes in flood insurance premiums. The broker has been joined by the City Property Association which represents [...]

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Many small business owners are unaware of their responsibilities when it comes to supplying fire fighting equipment and staff safety training a report from Norwich Union Risk Service claims.
Research showed that under half of the bosses surveyed had any knowledge of the Regulatory Reform Fire Safety Order (RRFSO) legislation.
Martin Hartley, property class specialist for NURS, [...]

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UK Companies are seeing premiums for business cover discounted by up to 20% this year, following fewer claims last year and a more proactive approach to risk management within those companies.
Competition has also helped reduce premiums, with many new insurers looking to gain a foothold in the market.
However escalation in risk involved with the new [...]

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