UK Insurance News

The top UK motorcycle insurance company Carole Nash have turned their focus to the Irish market, launching a new ‘quote and buy’ website targeting Irish motorcyclists.
Carole Nash claims to have already captured around 50% of the Irish motorcycle insurance market from it’s base in Dublin and Commercial director Simon Jackson, insists the opportunities in the [...]

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The Insurance Fraud Bureau (IFB) have reported that ‘Crash for Cash’ scams have fallen by 11% over the last two years following a joint campaign with the UK police force.
The scam involves fraudsters staging car accidents to swindle claims from insurance companies. The fraudsters themselves are more often than not part of gangs who are [...]

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Britain’s largest accident management company, Helphire is under scrutiny from insurance watchdogs after posting a £59.3m loss for the second half of 2008. The company has blamed the declining value of it’s substantial fleet of vehicles, restructuring costs and goodwill write downs for the poor figures.  Pre tax profit for the same period in 2007 [...]

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Estimates from Sainsbury’s Car Insurance say that the UK’s heaviest snowfall in twenty years will result in over 45,000 claims, costing insurers a mammoth £63million in pay-outs.
During the week that saw much of the UK covered in snow, claims were up by 45%, compared to the same week in 2008, causing Sainsbury’s to comment that [...]

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The government minister for Road Safety has announced plans make it an offence to keep an uninsured vehicle, with similar penalties as driving without insurance. The new system will work in partnership with the DVLA and insurers to identify uninsured vehicles.
The minister Jim Fitzpatrick, blames the selfish minority, who refuse to insure their vehicles, for [...]

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