Interesting insurance stories hitting the headlines

August 4th, 2017

Van drivers are feeling the financial pinch

Van drivers are having a bumpy ride at the moment with councils moving to curb diesel emissions and insurance costs going through the roof. A report by Consumer Intelligence has revealed that van insurance is at a record high and now costs two and a half times as much as car insurance. Premiums have shot up by 29.5% in just 12 months and now average policies cost an eye-watering £1636. Read the rest of this entry »

Monthly news round-up: insurance stories hitting the headlines

July 6th, 2017

Truly bizarre insurance claims

It’s the start of the silly season when news slows down and journalists have to dig deep to generate newsworthy headlines. A favourite of this time of year is the annual round-up of ‘bizarre insurance claims’ and one leading provider has come up trumps. Among the more peculiar claims include damage caused by a hungry badger who decided to dine out on a swimming pool liner and shot wiring when a scuba diver accidentally fired a harpoon through his bedroom wall. Read the rest of this entry »

Car Insurance and Driving Tests in the Driverless Future

June 26th, 2017

The boss of one of the world’s biggest insurance companies has been gazing into his crystal ball and made the headline-grabbing prediction that babies born today may never learn to drive. We decided to peek into the driverless future to see whether it’s fact or fiction. Read the rest of this entry »

Insurance tax hike hits millions of policyholders

June 9th, 2017

Millions of homeowners and businesses have been hammered by another tax hike as Insurance Premium Tax (IPT) climbs to 12%. The changes came into effect at the beginning of June and mean that the tax charged on most insurance products has doubled from 6% in 2015 and is now estimated to net the treasury £7billion a year. Read the rest of this entry »

News Round-up: 30 Days of Insurance Headlines

June 1st, 2017

Younger holidaymakers most likely to travel without insurance

As the holiday season warms up millennials are being urged to take out travel insurance before jetting off. A survey by the Association of British Travel Agents has revealed that 40% of holidaymakers aged 18-24 (and 38% of those aged 25-34) set off overseas without travel insurance mostly because they ‘don’t think they need it’ or are ‘willing to take the risk’. Read the rest of this entry »

Insurance News Round-up: A Month in Headlines

May 8th, 2017

How selfies are helping life insurance providers

It’s often said that your life story is written across your face and modern technology can now read your narrative. An American company has developed software named Chronos which can study a selfie to unpick your past and predict your future. The software analyses everything from sinking eyelids to crow’s feet to predict life expectancy. It’s already being tested by a number of life insurance companies as a way to help arrange cover without having a medical examination. Love the idea or hate it; the future’s just around the corner.
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Insurance News Round-up: 30 days in the headlines

April 7th, 2017

Time wasted in traffic

As a small island with a growing population of motorists; it’s hardly surprising that our roads are getting clogged-up. Set out on a journey and you can expect to spend some time idle behind the wheel, but just how much time you spend stuck in traffic may be surprising. A recent report has revealed that we’ve got the third most congested road network in Europe (after Turkey and Russia) and the average motorist wasted 32 hours every year twiddling their thumbs in traffic. The fuel and time wasted is estimated to cost the economy £30billion a year, not to mention the toll traffic takes on your nerves. Read the rest of this entry »

Interesting Insurance Headlines from the past 30 days

March 10th, 2017

What’s the real cost of being a commuter?

In the not too distant past the average commuter just carried a briefcase full of papers and perhaps an umbrella to work. However, today’s commuters are weighed down with tech and personal possessions that add-up to a staggering £1,815. Eight out of ten commuters carry a smartphone and four out of ten carry a laptop with a combined total of £632. Read the rest of this entry »

Insurance News Round-up: The last 30 days in the headlines

February 13th, 2017

A quarter of motorists don’t slow down on slippery roads

After a succession of cold snaps it appears that a quarter of the country is suffering from brain freeze. A survey into winter driving habits has revealed that one in four motorists don’t change the way they drive to suit the weather conditions, and that includes slowing down on icy roads. The surprise findings showed the same percentage of motorists risked invalidating their insurance by leaving their car unattended with the keys in the ignition to warm-up. Even more worrying were the 50% of motorists happy to set off without defrosting the passenger side window. With more cold weather to come motorists are being urged to heed the Highway Code. Read the rest of this entry »

News Round-up: 30 Days in insurance news headlines

January 10th, 2017

Are EU joking? Golf carts, dodgem cars and quad bikes could need insurance

The Department of Transport are consulting on a new European Union directive that may require all vehicles, including any used privately, to have full insurance. The legal changes could affect a wide range of vehicles from: electric bikes and mobility scooters to dodgem cars and quad bikes. The Foreign Secretary Boris Johnson branded the looming changes as “insane” and an example of “undemocratic law‑making” by the EU. Whatever side of the Brexit fence you sit on; the directive could have costly consequences as the UK is legally bound to abide by European legislation while still part of the Union. Read the rest of this entry »