UK Insurance News

One of the UK’s leading motor insurers are to set up an Anti Fraud Team that plans to reduce premiums being paid by honest customers by weeding out customers who are likely to make fraudulent claims.
Hastings Direct and sister brands, Renew, Insure and Likewise are investing in state of the art technology that will help [...]

[Read more →]

The recession is being blamed for an alarming increase in the number of arson attacks in the UK, causing a record level of insurance payouts for fire damage during the first half of this year.
The Association of British Insurers (ABI) say that £639 million was paid out over the course of the first six months [...]

[Read more →]

Letting insurance specialist HomeLet have launched a brand new product aimed specifically at the UK letting industry, called Landlord’s Insurance +.
The new product developed by HomeLet is launched this month and includes buildings and contents insurance and offers an unparalleled level of cover including Emergency Assistance and up to £500,000 of buildings cover as standard.
Key [...]

[Read more →]

According to a report in the Sunday Telegraph, British Gas has ambitious plans to enter into the UK insurance market and become a leading player within a two to three year time scale.
British Gas, which is owned by Centrica, has won approval from the Financial Services Authority to underwrite its own household and warranty products [...]

[Read more →]

Home Insurance specialist LV= say that the UK public will spend an estimated £132 million online this year, buying ‘black market’ goods for Christmas, through auction sites and bargain hunting.
Their research says that 35% of the public will turn to online auction sites and market places to hunt for bargain Christmas gifts and 40% will [...]

[Read more →]