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Cogent Hire continues EV focus with new role
- 09/10/2023
- Posted by: Alan Feldberg
- Category: News
Credit hire and mobility specialist Cogent Hire has appointed insurance and auto executive Luke LeSauteur to the new role of commercial director. Reporting to CEO Kirsty McKno, he will build and launch new propositions for insurance clients, especially in emerging mobility sectors such as EV. He said: “While [...] -
Burglaries drive vehicle theft increases
- 27/09/2023
- Posted by: Alan Feldberg
- Category: News
A Freedom of Information (FoI) request to Nottinghamshire Police has revealed that 21.93% of stolen cars are taken in relation to a burglary or robbery. This equates to over 28,500 vehicles a year nationwide. The request was made by specialist motor insurance loss adjuster Claims Management & [...] -
ALA Insurance calls for FCA clarity
- 25/09/2023
- Posted by: Alan Feldberg
- Category: News
ALA Insurance has called a fair value warning to GAP insurance providers issued by the FCA ‘irresponsible’ as the data does not differentiate between online brokers and dealerships. The FCA claimed it had evidence that some GAP products do not offer fair value, citing its own data which revealed only six per [...] -
FCA announces insurance crackdown
- 21/09/2023
- Posted by: Alan Feldberg
- Category: News
The Financial Conduct Authority has told motor insurers they are falling short of new Consumer Duty regulations and warned them to improve services within three months or face penalties. In a letter to insurers, it has asked them to check if their policies are offering value for money after identifying cases where [...] -
Motor still dominates fraudulent claims
- 23/08/2023
- Posted by: Alan Feldberg
- Category: News
New figures have revealed that motor insurance accounted for the majority of fraudulent claims uncovered last year. According to the Association of British Insurers, 72,600 fraudulent claims were detected last year, representing a fall of 19%. But 42,500 of these (59%) were motor claims. Meanwhile, the number of [...] -
Vehicle break-ins spike over summer
- 16/08/2023
- Posted by: Alan Feldberg
- Category: News
New research has found that on average 1,112 cars in the UK were broken into every day last year – that equates to one break-in every 79 seconds. The research provided by A-Plan Insurance analysed the latest ONS police-recorded vehicle crime figures across England and Wales and revealed that there were 405,872 [...] -
NBRA: premium hikes were inevitable
- 15/08/2023
- Posted by: Alan Feldberg
- Category: News
The National Body Repair Association (NBRA) has said the 21% annual rise in motor insurance premiums is not surprising. Board member Wayne Mason-Drust said: “For almost a decade, the cost of repairing a car following an accident has increased far below inflation. Car insurers have tightly controlled repair costs [...] -
Premiums soar to record high
- 11/08/2023
- Posted by: Alan Feldberg
- Category: News
The Association of British Insurers has reported that average comprehensive motor premiums have risen to record highs. Its premium tracker analysis 28 million motor insurance policies in the UK and found that the average premium paid for private comprehensive motor insurance was now up £511. This is up seven per [...] -
Durite names new fleet consultant
- 05/07/2023
- Posted by: Alan Feldberg
- Category: News
Vehicle safety, lighting and auto electrical parts supplier Durite has appointed a fleet consultant to support transport operators and work closely with insurance and industry bodies. Adam Wild brings extensive experience in video and telematics applications, a track record in making fleets safer and more [...] -
Vehicle theft bill soars to £1.54bn
- 22/06/2023
- Posted by: Alan Feldberg
- Category: News
Claims Management & Adjusting (CMA), the UK’s oldest specialist motor insurance loss adjuster, estimates that vehicle thefts are now costing UK insurers £1.54bn a year, with a further decline reported in the stolen car recovery rate. CMA managing director Philip Swift said: “Vehicle theft costs to UK [...]