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ECP opens new hub in Saltash
- 23/09/2015
- Posted by: Simon Wait
- Category: News
A new generation automotive hub is being opened by Euro Car Parts (ECP) in Saltash creating around 50 new jobs and improving product availability and speed of deliveries to local service, repair & MOT workshops in the South West. This major investment in the modern 33,000sqft site, built across two floors, will [...] -
AA suffers £63.6m loss
- 22/09/2015
- Posted by: Simon Wait
- Category: News
The AA has fallen to a near-£64m loss in the first half of 2015 as it recorded a pre-tax loss of £63.6m, down from a profit of £10.2m in 2014. The breakdown recovery firm is still struggling to retain customers. Although the rate of decline in its roadside assistance members slowed, its overall revenue dipped [...] -
Business backed by new Enterprise Bill
- 21/09/2015
- Posted by: Simon Wait
- Category: News
The government has published an Enterprise Bill that aims to back business to drive growth, create more jobs and ensure economic security for all. The bill will help tackle the scandal of late payments holding back many small businesses, ensure high quality apprenticeships, and make further cuts to burdensome red [...] -
Motorists unwittingly driving illegally
- 21/09/2015
- Posted by: Simon Wait
- Category: News
A staggering 1.5 million motorists in the UK are unwittingly, driving illegally as their vehicles have not got a valid MOT. Motoring.co.uk has undertaken a survey of 20,000 motorists and the results have given dramatic figures. With this snapshot of the population, 1,663 motorists have not got a valid MOT for their [...] -
IFB evolution ‘on track’
- 21/09/2015
- Posted by: Simon Wait
- Category: News
The evolution of the Insurance Fraud Bureau (IFB) is ‘on track,’ according to the Bureau’s strategy project board Chair, Mihir Pandya. Following a cross-industry consultation in 2014, the IFB’s new five-year strategy (2015 – 2019) was launched, with two primary areas of development [...] -
Cuvva to launch Pay and Go insurance
- 21/09/2015
- Posted by: Simon Wait
- Category: News
Insurance provider Cuvva, will offer a new type of UK car insurance through a smartphone app that gets you covered on a car for only as long as you need it. The Scottish based firm offer temporary insurance cover to those who have borrowed someone else’s car and the customer selects how long they require cover [...] -
Zurich abandons RSA deal
- 21/09/2015
- Posted by: Simon Wait
- Category: News
Zurich Insurance has announced that it has finished discussions with RSA and does not plan to make a bid. The insurer had previously announced in July that it was considering buying RSA for £5.6bn. RSA said that Zurich's decision not to proceed had not been a result of anything unexpected in the due diligence [...] -
CMA blamed for rising claims inflation
- 18/09/2015
- Posted by: Simon Wait
- Category: News
The failure of the Competition and Markets Authority (CMA) to take action over the motor market is partly to blame for rising claims inflation, according to Covéa Insurance chief executive James Reader. The motor insurance market has been hit by rising claims inflation due to several factors including; the fact [...] -
Irish insurance premiums to rise by 25%
- 16/09/2015
- Posted by: Simon Wait
- Category: News
Drivers are to be hit with an insurance premium increase of around 25 per cent next year, the chief executive of the group which represents the majority of car insurance companies has warned. The increases will come on the back of similar price hikes this year and will see most motorists paying around €300 per [...] -
AXA acquire Global Insurance Management
- 15/09/2015
- Posted by: Simon Wait
- Category: News
Multinational insurance firm AXA has acquired Coventry based insurance expertise provider Global Insurance Management. AXA has previously underwritten the risk for Global Insurance Management, however this acquisition will mean an entire takeover of the company. AXA Assistance Europe regional chief executive, [...]