UK Insurance News

LLoyds chairman Lord Levene has warned that Europe faces a USA style compensation culture, already identified by LLoyds at the start of the year as a serious issue for the future of the business.
In his speech at the LLoyds 360 Risk Debate, Lord Levene addressed the meeting by saying:
“Ladies and gentlemen: we live in an [...]

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One in seven motorists have switched insurance companies during the last six months, in a bid to avoid rising premiums, according to research by MoneyExpert.com.
Drivers between the ages of 35 and 44 are most likely to have changed insurance provider over the last six months, as premiums are expected to rise by 10% for 2008, [...]

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Accident and Compensation claims have taken the UK by storm over the last few years, so it is no surprise to hear of the latest insurance investigation into some of the businesses involved in handling those claims.
Ten solicitors firms and dozens of accident claims handling companies are being investigated by the Insurance Fraud Bureau following [...]

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Insurance premiums for motor and home have not hit the peaks anticipated, say the AA British Insurance Premium Index in their latest findings.
After soaring by 6% through last year, the index now records a small fall, with the average fully comprehensive motor insurance now standing at £682, down a not very exciting £3 on December [...]

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The Association of British Insurers is pushing for government action to improve life for
personal injury claimants.
Along with extortionate and often unnecessary legal costs being attached to claims - in turn driving up premiums - it has been found that motor accident injury claims take an average of 730 days to settle. Workplace claims take [...]

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