Insurance Regulation

FCA Proposal to Cap Claims Management Company Fees

The Financial Conduct Authority (FCA) has today published proposals to introduce a price cap on the fees claims management companies (CMCs) charge their customers in relation to claims for financial products and services. Some consumers currently pay […]

Insurance claims

RAC Comment on London Low Traffic Zones: Are They Safe?

The sudden blocking of roads in London during lockdown has caused financial hardship for small business owners, delays for delivery drivers and extra fuel costs for those unable to cycle home with three days worth […]

Fraud

Fraud Attempt Every Five Minutes, Says ABI

The latest from the ABI: The industry’s relentless pursuit of insurance cheats to protect honest customers is delivering results, with the equivalent of nearly 300 fraudulent claims and just over 2,000 dishonest applications being detected […]

Travel Insurance

Some Travel Insurers Now Offering Covid-19 `Fit To Fly’ Test Kits

The latest from GlobalData; A handful of travel insurers have started to offer COVID-19 PCR tests as an add-on to their policies as consumers begin to travel again. This enables them to issue Fit to […]

News

Rock Insurance Launches Covid-19 Cover – Including Trip Cancellation

In light of impending government announcements around easing travel restrictions, ROCK Insurance Group has launched two new COVID-19 protection products to protect travel businesses and travel agents should customers need to cancel or postpone their […]

Legal

Opinion: Covid Effect May Cause A Spike in Fraud Claims Later in 2020

Lewis Thomas, a Counter-Fraud Partner at Horwich Farrelly, the leading specialist insurance law firm, provides the following comment outlining the likely fraud challenges the insurance industry can expect as a result of the Covid-19 pandemic: […]

News

#CancelEverything: Travel Insurers Begin to Exclude CoronaVirus Risk

Updated 13.03.2020; Admiral, Churchill and Direct Line have suspended the sale of travel insurance until further notice. Existing policyholders ARE covered, no new policies are being offered. AXA, CoverWise and Insure & Go have all […]

News

ABI Issues Advice on CoronaVirus and Travel Insurance Cover

The ABI (Association of British Insurers) is reassuring people that its member travel insurers are offering enhanced help and support to all their customers who may be understandably concerned about travelling overseas due to the Coronavirus. The […]