UK Insurance News

Would you consider buying and driving an electric powered car?
That was the question posed by motor insurer esure when they commissioned their survey to find out just how ‘green’ we are as a motoring nation.
Aside from the ‘green’ issue, simple econmomics enter the equation, with rising costs of fuel and city congestion charges to be [...]

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Greenbee.com, the finance and leisure arm of the John Lewis Partnership is to expand it’s current offerings in the insurance market by introducing motor insurance, in conjunction with Fortis, the UK’s third largest car insurer. 
Greenbee.com currently offers home, travel, life and wedding insurance.
Greenbee Car Insurance will be available for all the usual risk variations, but comprehensive [...]

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Tesco have launched a new car warranty scheme through the insurance arm of it’s Tesco Personal Finance division.
The supermarket giant are offering three levels of warranty, Value, Standard and Finest, with monthly premiums starting at £9.90. The warranty offers cover for parts and labour for unexpected mechanical, electrical and electronic failures.
To qualify for the warranty [...]

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Hastings, the motor insurers, have been fined by their governing body the FSA, for failing to treat it’s customers fairly in relation to cancelling over 4,500 incorrectly priced insurance policies.
On two seperate occasions in 2007 the insurance company discovered that an internal system error led to inaccurate insurance quotations being given and some significantly lower premiums [...]

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Detected fraudulent motor insurance claims have risen by 70% in the last three years, with an amazing 24,000 fraudulent claims uncovered in last year alone.
The Association Of British Insurers (ABI) say that during last year detected fraud amounted to over a quarter of a billion pounds, or £5million per week.
Successfully prosecuted claims include a Rolls [...]

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