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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 [...] -
Liverpool remains UK PI claims capital
- 17/09/2015
- Posted by: Simon Wait
- Category: News
The Institute and Faculty of Actuaries’ (IFoA) annual report looking at third party injury (TPI) and third party damage (TPD) motor insurance claims shows Liverpool remains the third party personal injury claims capital of the UK, with 55 per cent of road accidents resulting in a claim. This compares to a [...] -
Renault-Nissan partner with The Floow
- 16/09/2015
- Posted by: Simon Wait
- Category: News
Renault-Nissan Alliance has announced a new partnership with The Floow, making it the first motor manufacturer to monetize ‘OEM’ data through The Floow Insurance Telematics scoring platform. The initiative will offer insurers scores through data originating directly from the vehicle architecture removing the [...] -
Aston Martin vandal spared jail
- 16/09/2015
- Posted by: Simon Wait
- Category: News
A man who scratched his keys along the bodywork of a £100,000 Aston Martin while out pushing a pram, walked free from court after the car's owner said he did not want to see him jailed. Gary Brissett, 48, was with his 13-month-old baby when he caused nearly £8,000 damage by scratching the supercar while driver [...] -
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 [...]