UK Insurance News

Friends Provident has warned it’s with profits policyholders that the value of it’s final bonuses will be cut by up to 50%. The warning follows the news that Friends Provident £13billion with profits fund  lost more than 7% during the first half of this year.
The company says it will maintain it’s regular bonuses but final [...]

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A survey carried out on behalf of travel insurer Travel Advisor, found that 69% of respondents intended buying an annual multi trip policy over the next twelve months.
The multi trip insurance offers a one off premium that covers several trips abroad during the year. Once again there are many offers available for this type of [...]

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Insurance Group AXA have called on the UK government to improve surface drainage in the towns and cities that were affected by last years summer floods.
The company estimates that the improvements would cost the government around £720million and will push up the UK flood defence budget to £1.5billion for 2010/2011.
The insurer is also demanding a [...]

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Heath Lambert Group have won the ten year contract to serve as broker for Crossrail the £15.9billion rail project for the London.
Heath Lambert will be responsible for the creation and implementation of a suitable insurance programme and offering advice and guidance in placing the scheme.
Crossrail is one of the largest and most prestigious construction projects [...]

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The report into the failings and near collapse of Equitable Life by Parliamentary Ombudsman Ann Abraham has now been published and will be of particular interest to the millions of investors who lost up to 50% of their pension funds with the company in 2001.
The report, which accuses regulators of comprehensive failure and the Government [...]

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