• Irish motor insurance market in jeopardy
    • 08/09/2015
    • Posted by: Simon Wait
    • Category: News
    Insurance Ireland today said it has serious concerns regarding the decision of the High Court in relation to Setanta Insurance and stated that the judgement has far-reaching implications. The Insurance Compensation Fund, which was established in 1964, has historically intervened in the event of insurance company [...]
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  • Uninsured driver numbers soar
    • 07/09/2015
    • Posted by: Simon Wait
    • Category: News
    The number of uninsured drivers on UK roads has increased by a ‘worrying’ 10 per cent in just a year, according to worrying new figures released today. According to figures from the Motor Insurers’ Bureau (MIB), compensation pay-outs because of accidents involving uninsured drivers increased from 21,972 in [...]
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  • Direct Line guarantees hire car cover
    • 04/09/2015
    • Posted by: Simon Wait
    • Category: News
    Motor insurance provider Direct Line has launched guaranteed car hire cover as a standard feature of its comprehensive car policy. All new and existing Direct Line customers are now entitled to a new standard hatchback sized vehicle from a hire car company in the event of a claim, at no extra cost. The hire car [...]
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  • Motorists cutting corners with insurance
    • 13/08/2015
    • Posted by: Simon Wait
    • Category: News
    Thousands of motorists are paying a high price, in some cases driving illegally, by cutting corners when buying motor insurance according to latest figures out today from the ABI (Association of British Insurers). ABI research shows that in 2014 insurers uncovered 212,000 attempted dishonest applications for motor [...]
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  • New ‘crash for cash’ scam identified
    • 02/07/2015
    • Posted by: Simon Wait
    • Category: News
    Motorists are being warned about an aggressive new strain of the ‘crash for cash’ scam that is increasingly being used by opportunistic criminals. Dubbed ‘crash for ready cash’ by investigators from anti-fraud specialists APU, the new tactic involves the criminals deliberately causing an accident and then [...]
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  • Aviva investigating 15,000 claims
    • 17/06/2015
    • Posted by: Simon Wait
    • Category: News
    The Actuary reports that Aviva suspects organised motor insurance fraud increased by 28% between 2013 and 2014. The insurer said the value of fraud increased from £30m in 2013 to £38m in 2014, and it currently has more than 15,000 ‘suspicious claims’ under investigation. Tom Gardiner, head of fraud at [...]
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  • Increase in telematics policies
    • 22/05/2015
    • Posted by: Simon Wait
    • Category: News
    Newly released research by the British insurance Brokers’ Association (BIBA) shows a nine per cent increase in the number of live ‘black box’ telematics motor insurance policies. These types of policies can offer savings of up to 25% for careful drivers. In particular, young drivers who often struggle to find [...]
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  • UK premiums continue to fall
    • 01/05/2015
    • Posted by: Simon Wait
    • Category: News
    The average price paid for private comprehensive motor insurance fell in the first quarter of 2015, over the previous quarter according to the ABI’s latest Quarterly Average Private Comprehensive Motor Insurance Premium Tracker published today. Since the first quarter of 2013, insurers have passed on nearly £1bn [...]
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  • CMA publishes final motor insurance order
    • 19/03/2015
    • Posted by: Alan Feldberg
    • Category: News
    The Competition and Markets Authority (CMA) has published a final order, which sets out how changes resulting from its investigation into private motor insurance will be introduced and monitored. In September last year, the CMA published its final report into the private motor insurance market which said that it [...]
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