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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Business insurance specialists  Hiscox have reported a huge rise in the number of ‘unfair dismissal’ claims being made against Small and Medium sized businesses, the last quarter alone saw a threefold increase.
Small business owners are advised that there is a standard procedure to follow when considering redundancy and many owners are either are unaware of [...]

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The commercial and liability specialist APC underwriting has launched a new office and surgery policy aimed squarely at the UK’s two million plus home based businesses.
APC research has shown that over 14,000 home based businesses are launched each week in the UK, representing 60% of all start ups. The underwriter is aware that historically it [...]

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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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