UK Insurance News

The British Insurance Brokers Association (BIBA) has backed the FSA proposal that companies selling single premium Payment Protection Insurance (PPI) should withdraw the product with immediate effect. The policy has been historically sold alongside unsecured personal loans and became a money spinner for many high street banks, many of  whom included the policy as a [...]

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A group of independent prestige car repair companies have joined forces to create Vizion Network, launching it’s own quality assured repair network aimed specifically at the prestige car market.
Among the founder members of the group is Paul Austin of Balgores, who explains that the idea of Vizion Network is to bring together a group of [...]

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Motor insurance business SwiftCover has come under fire following its current TV advertising campaign, reportedly costing the company £25million. The advertisements feature ancient rocker Iggy Pop prancing around topless saying “I got it Swiftcovered. Do it. Get A Life. Get Swiftcovered.
However what the advert fails to point out, is that the company does not insure [...]

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Esure the online insurance provider is to create 500 new jobs in Glasgow over the next five years, thanks to a massive £1.4million grant from the Scottish government. Taking advantage of the Regional Selective Assistance grant, Esure will expand it’s operations in Glasgow, creating 250 new jobs  over the coming 18 months and a further [...]

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A new ‘pay as you drive’ policy has been introduced by Co-operative Insurance, specifically aimed at young drivers, who have seen motor insurance premiums rise at four times the rate of inflation during 2008.
An increase of 11.5% on premiums for  under 25 year olds in 2008, sees the average cost of insuring a vehicle at [...]

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