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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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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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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The dreadful longevity of the snow and icy weather endured across much of the country at the tail end of last year has proved to be extremely costly for UK insurers with figures released suggesting that claims during the period reached over twice that paid out for the same period in 2009.
Compared to atrocious weather [...]

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So we are getting close to the end 2010 and one thing we will all have learnt , certainly during the last six months is that whether or not we have ridden out the recession bought on by the financial crisis or not-we are all going to be worse off in the foreseeable future.
The necessary [...]

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