Insurers and other distributors given wake up call on non-disclosure by Financial Ombudsman Service after complaints rise 60%. By Ralph Savage The Financial Ombudsman Service has provided insurers with clear evidence of the urgent need […]
New study claims that UK consumers disagree with proposals to introduce opt-out collective actions. The U.S. Chamber Institute for Legal Reform (ILR) says 57 percent of British consumers oppose UK Government proposals to adopt US-style […]
If yesterday’s hearing at the House of Commons Environment select committee on floods proved anything, it is that they must include comparison web sites and major distributors within their probe. Aggregators’ low-fi approach to selling […]
By Ralph Savage The UK’s leading insurers can maintain their market-leading dividend payments to shareholders despite tough conditions, analysts at Markit said today. However, in a separate note, Investec maintained its ‘sell’ advice on one […]
Getting the balance right is accordingly critical if insurers and brokers are to remain effective in looking after genuine customers whilst still investigating and prosecuting the fraudsters. […]
By Ralph Savage After a Channel 4 dressing down by Dispatches, the insurance industry’s relationship with UK motorists is likely to be a defining issue for 2013. The alleged role in which some insurers themselves have […]
The Association of British Insurers has released a statement, calling on the Government to commit to a joint solution to ensure long term affordable flood insurance for high-risk households. The ABI described the current state […]
Data published on the profitability of UK Home insurers’ underwriting has revealed a 10% improvement on the sector’s performance during 2011. The industry’s net combined ratio in 2011 was 89% – a 10% improvement on […]
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