UK Insurance News

Motor Insurance customers have recently found that some of the UK’s biggest insurers have introduced exorbitant administration fees for simple things like changing of a name or address or a duplicate copy of a policy. The AA for instance is charging £25 for the aforementioned service, while Hastings makes no charge.
Cancellation fees are another area [...]

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Speaking at the FSA’s annual insurance conference, Hector Sants, Chief Executive, proposed tougher action following it’s bout of self-harm over Northern Rock.
Whilst acknowledging that all insurers had suffered through market conditions for 2007
and 2008, he clearly saw this as no reason for letting compliance slip.
Warning firms to “expect we will be looking at how they ensure continued [...]

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UK Companies are seeing premiums for business cover discounted by up to 20% this year, following fewer claims last year and a more proactive approach to risk management within those companies.
Competition has also helped reduce premiums, with many new insurers looking to gain a foothold in the market.
However escalation in risk involved with the new [...]

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Police in the South West of England and Wales mounted ‘Operation Utah’ last week, using the Motor Insurers’ Bureau database (MID) to target a crackdown on uninsured vehicles.
The successful operation ran for five days utilising two hundred police officers using APNR technology, which scans vehicle registration plates and matches them to the database.
Over 900 vehicles [...]

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Where is the safest place to live in the UK?
A recent report of the most burgled cities in the UK, shows Nottingham on top of the list ahead of London and Bristol. A house in Nottingham being 63.3% above the national average, with London a fair way behind at 50.8% and Bristol at 50.7%.
In contrast, [...]

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