FCA Reaction to Loyalty Penalty Super Complaint
Christopher Woolard, Executive Director of Strategy and Competition at the FCA, commented: “Before the CMA published its supercomplaint response last year, we had already [...]
rules
Is It The End for the Annual Car Insurance Search & Switch Festival?
Today, the government has announced that firms that overcharge loyal customers could be hit with direct fines under new plans being unveiled this morning by the Government. [...]
Average Travel Insurance Claim is Now £1300 – Over £400m Paid Out in 2018
The Association of British Insurers (ABI) today reveals that the average medical claim on travel insurance surpassed £1,300 for the first time ever in 2018 – reaching [...]
Driving to Madrid? Don’t Forget Emergency Kit, Insurance & Your Shirt!
As tens of thousands of Tottenham and Liverpool football fans flock to Madrid for the Champions League Final this week, By Miles is urging those who are driving not to fall [...]
CoverGenius Survey Reveals Consumers Waiting 10 Weeks for Claims Pay-Outs
The whole point of insurance is that it kicks in when something goes wrong, and you get your car fixed, your stuff replaced, or a tidy sum to get some new stuff. Naturally, [...]
Claims: New Rules See Charges Capped at 20%, New FCA Complaints Regulator
It’s no an April Fool – from today the Financial Conduct Authority (FCA) will be in charge of overseeing the activities of the UK claims management companies [...]
Brexit Fiasco: Quo Vadis?
From the Editor’s laptop; So May loses another vote and MPs of all persuasions seem unhappy with the proposed Brexit deal. No surprise as in reality, it never lets the [...]
Brexit: Existing Pensions and Life Insurance Rules Unchanged
Today, the European Insurance and Occupational Pensions Authority (EIOPA) issued Recommendations for the insurance sector in light of the United Kingdom (UK) withdrawing from [...]