UK Insurance News

Last month the Office of Fair Trading (OFT) stated they were to investigate the cost of motor insurance in the UK. This followed concerns earlier in the year when the OFT first began looking at claims of corruption with the system of referral fees.
The motor insurance industry has come under scrutiny for this possible malpractice [...]

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While the country struggles to come to terms with the proposed cuts in government spending and the knock on effect throughout the economy in terms of wage cuts and redundancies, it is quite galling to hear latest reports from the insurance market regarding increases in insurance premiums this year.
Motorists have been among the worst affected [...]

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The Government Justice Secretary Kenneth Clarke’s announcement that the current ‘no win, no fee’ rules will be reformed, has been applauded by the Association of British Insurers (ABI), who have been campaigning for a change to the current system for some time.
In his announcement Clarke said that a reform was needed to “put the brake [...]

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One activity that appears to be booming during these hard times is the illegal cultivation of cannabis in farms set up in residential homes, with plant seizures by police rising by 18% in 2009/10.
According to Aviva insurance almost all of the 758,700 plants seized by the police in 2009/10 were being cultivated in residential properties [...]

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The European Court of Justice has ruled that UK insurance companies and pension providers cannot charge different premiums to men and women because of their gender, saying that it is discriminatory to do so. The ruling will lead to higher insurance premiums for women and lower annuity pay outs for men.
The changes will not come [...]

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