News
Metro Bank On The Brink? Probably Not
One of the so-called challenger banks in the UK is currently reaching its credit limits, which might spark a mini meltdown in the MSM if it goes bust. Even if Metro Bank does collapse, it’s […]
bankrupt
News
UK Government Steps in Over SVB Collapse
The UK government has stepped in quickly to protect 100s of UK tech firms, which partially relied on finance from SVB to grow their businesses. Silicon Valley Bank in the US has gone into administration, […]
News
Company Insolvency Rates up 32% Year-On-Year
Is the UK in a recession? Some stats say yes, others say not quite, but the rising number of company insolvencies is a strong indicator to Commercial insurance brands that claims are likely to rise […]
News
Can You Claim a Refund on P&O Ferry Tickets?
Can you get a refund if your trip on a P&O Ferry is cancelled? Here’s some useful expert advice; Michael Foote, personal finance expert and Editor-in-Chief of travel insurance comparison site, Quotegoat.com, said: “It’s distressing […]
News
Goodnight Gefion
Latest update from the FSCS; Gefion Insurance A/S (“Gefion”), a Denmark-based insurance company entered into insolvency proceedings on 7th June 2021. It is no longer paying claims. The FSCS declared the firm failed (in default) […]
Insurance Regulation
FCA Proposals to Stop CMCs Rising From The Ashes
The FCA has announced proposals to stop the practice of ‘claims management phoenixing’, by banning Claims Management Companies (CMCs) from managing Financial Services Compensation Scheme (FSCS) claims where they have a relevant connection to the claim. Claims management phoenixing occurs when individuals from […]
News
Which? Research Highlights Quirks In Comparison Website Quote Engines
Comparison sites play a central role in helping households quickly shop around for the best insurance deals. But Which? Money has found quirks in their online forms that could inflate your home insurance premium by […]
Insurance Brokers
Broker News: Latest on Alpha Taxi Insurance Collapse from FSCS
Here is the latest statement from the FSCS on the collapse of Alpha Insurance, who were specialists in the private hire and minicab driver market: Update for brokers (managing general agents) for Alpha Insurance, and […]