UK Insurance News

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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The cost of Life Assurance has fallen by half in the last ten years according to research from financial website MoneyFacts, in a report published recently.
Non smokers get the keenest deals although premiums have fallen almost as much in relative terms for those who choose to smoke. There is a differential of around 35% between [...]

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It looks likely that RBS will not be selling its insurance division after all, following the exit of forerunner Zurich two weeks ago.
That leaves Us insurance group Allstate in the running and last month they appointed Lehman Bros to advise on a potential bid.  But experts are predicting that the American company will be unwilling [...]

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