Online Insurance: Car Insurance UK: Latest Events
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Aviva appoints corporate responsibility director.
Aviva has announced the appointment of Marie Sigsworth as corporate responsibility director, succeeding Louella Eastman, who is retiring from the role.
Ms Sigsworth will take responsibility for all aspects of corporate responsibility including diversity, environment, and community programmes across Aviva’s 28 markets.
The group’s annual global employee satisfaction survey will also fall within her remit.
Beginning her career [...] Aviva appoints corporate responsibility director. Printed at 23:10, 19.10.2009
Aviva launches electronic equipment cover.
Aviva is expanding its business offering with the introduction of specialist electronic equipment cover.
Firms across various sectors, including telecommunications, media, health, leisure, motor and construction can benefit from new tailored protection.
Computers are excluded from the policy, however, recording, storing and broadcasting equipment, general office equipment, manufacturing control or monitoring equipment, security systems or medical scanning [...] Aviva launches bespoke electronic equipment cover. Added at 20:10, 19.10.2009
Motorists fleeced by private clampers.
Car insurer LV= has released research which reveals that there has been a 64% rise in drivers being clamped in the last year.
The charge is typically Ј116 or Ј120, depending upon whether the clamper is municipal or private, and the legality of private clampers is presently disputed.
LV=’s research indicates that local councils made Ј21m from [...] Motorists fleeced by private clampers. Issued at 19:10, 19.10.2009
Competition Commission to reconsider PPI sales.
The Competition Commission has been told to rethink plans to introduce a total ban on the sale of sale of payment protection insurance (PPI) alongside consumer credit agreements.
The insurance, which is intended to cover repayments on unsecured loans should the borrower lose their job or become too ill to work, is notorious for being mis-sold [...] Competition Commission to reconsider PPI sales ban. Printed at 22:10, 18.10.2009
Car theft hotspots revealed.
Motorists living in Chislehurst, Kent, or Wingate, Cleveland are three times more likely than average to have their car stolen, research from moneysupermarket.com has discovered.
The price comparison site announced the findings when it revealed the top 20 locations for theft claims on car insurance.
Big cities including Manchester, Sheffield and Bradford featured in the list.
Essex towns [...] Car theft hotspots revealed. Posted at 23:10, 17.10.2009
Sustainability in EU construction promoted.
The European Commission has begun an ELIOS feasibility study entitled “Liability and insurance regimes in the construction sector; national schemes and guidelines to stimulate innovation and sustainability”.
The project will assess the liability and insurance systems across the EU and analyse the effect of the current systems on the construction sector and service quality.
It will also [...] Sustainability in EU construction promoted. Compiled at 22:10, 16.10.2009
Equitable policyholders win High Court case.
The High Court has rejected the Government’s decision not to implement the full recommendations of Parliamentary Ombudsman, Ann Abraham, regarding compensation for Equitable Life policyholders who lost money when the firm came close to collapse nine years ago.
In July of 2008, Ms Abraham published a report on the demise of Equitable, which from the 1950s [...] Equitable policyholders win High Court case. Submitted at 22:10, 15.10.2009
LV= warns against undervaluing wardrobes.
Home insurer LV= has commissioned research which has shown that many Britons are undervaluing their clothes, shoes and bags when considering home contents insurance, potentially exposing them to underinsurance.
On average clothing is worth Ј1,600, with a further Ј1,300 when accessories are added, but LV= has stated that the complete value of a wardrobe can regularly [...] LV= warns against undervaluing wardrobes. Added at 21:10, 15.10.2009
AIG sells Nan Shan to consortium.
American International Group, Inc. (AIG) has announced that it is to sell its 97.57% stake in Nan Shan Life Insurance Company, Ltd.
The sale will be to a consortium, including Primus Financial Holdings Limited, the Hong Kong-based financial services firm, and China Strategic Holdings Limited, the Hong Kong Stock Exchange-listed investment company, for around $2.15bn.
AIG CEO [...] AIG sells Nan Shan to consortium. Written at 20:10, 15.10.2009
Young Marmalade approved by Hamster.
Young Marmalade, the car insurance firm that caters specifically to young drivers, has received an endorsement from Richard Hammond, Top Gear’s resident Hamster.
In September Young Marmalade launched Provisional Marmalade into the UK marketplace.
Managing Director Crispin Moger has compared Provisional Marmalade to iTunes and Amazon in terms of user-friendliness.
To use it, details are logged in and [...] Young Marmalade approved by Hamster. Posted at 23:10, 14.10.2009
Kwik Fit advise wedding insurance re-evaluation.
Newlyweds are being advised by Kwik Fit Insurance to remember to reassess their home contents insurance to make sure it provides them with adequate coverage.
For 30 days before and after the wedding Kwik Fit Insurance increases by a tenth the coverage against accidental damage and theft, although naturally the couple involved must inform the firm [...] Kwik Fit advise post-wedding insurance re-evaluation. Approved at 20:10, 14.10.2009
Young drivers submit to peer pressure.
People aged 17-21 are being killed in car accidents due to peer pressure, inadequate training and not wearing seatbelts, according to research commissioned by Aviva.
The research reveals that one in three young drivers alter the way they drive when there is more than one friend in the car, with one in five paying less attention [...] Young drivers submit to peer pressure. Approved at 22:10, 13.10.2009
Insurers fail to impress online.
The economic climate is promoting spending online, with 63% of adult Britons who conducted an insurance transaction online last year saying they have increased their online spending habits due to ease of comparison and prices.
The 2009 Survey of Online Consumer Behaviour, conducted by Harris Interactive®, commissioned by Tealeaf®, also finds that insurers are not taking [...] Insurers fail to impress online. Approved at 21:10, 13.10.2009
ATOL may be extended.
Mark Tanzer, chief executive of ABTA, has announced plans to help prevent travellers being exposed to the possible financial collapse of their travel itinerary suppliers.
Comprehensive specifics of the plan have not yet been made public though it is speculated to augment the ATOL levy on package holidays.
ATOL (Air Tour Operators Licence) is run by the [...] ATOL may be extended. Issued at 21:10, 13.10.2009
Higos headcount passes the 200 mark.
Somerset-based Higos Insurance Services has taken on a further half dozen trainees this month, meaning that its staff numbers now exceed 200.
In this year 30 new team members have been appointed, and the latest trainees bring the total headcount up to 202.
Higos’ continued growth and expanding number of employees will provide some welcome relief as [...] Higos' headcount passes the 200 mark. Published at 21:10, 12.10.2009
Axco and Fiscal Reps tackle tax compliance.
Axco Insurance Information Services and Fiscal Reps Limited have teamed up to tackle the challenge of international tax compliance with a comprehensive solution.
Collaborating together, the two firms will offer their customers a range of products and services that combine Axco’s global insurance expertise with Fiscal’s in-depth knowledge of insurance tax compliance.
Axco’s technical director, Marcus Corbally, [...] Axco and Fiscal Reps tackle tax compliance. Issued at 20:10, 12.10.2009
Aviva provides new student rental product.
Aviva is offering landlords who let their properties to students instant insurance, via the firm’s broker.
In recent years the student population of the UK has steadily increased, with four out of five (2 million) staying away from home.
Of those, two out of three stay in private homes, helping to drive demand for rented accommodation, with [...] Aviva provides new student rental product for landlords. Approved at 19:10, 12.10.2009
AEGON overpays drawdown customers.
AEGON has admitted to a computer error that has led to 7,000 of its income drawdown customers unknowingly receiving overpayments.
No reimbursements will be demanded from savers, but those affected will see their income reduced.
The pensions, protection and investment firm says its system failed to accurately record whether pension savers took a 25% tax-free lump sum [...] AEGON overpays drawdown customers. Published at 22:10, 10.10.2009
Carole Nash expands into motorhomes vehicles.
Carole Nash has expanded into the motorhome and military vehicle sectors with the launch of two new products.
The UK and Ireland broker, which has previously focused on the motorcycle market, says the move is a natural progression for the brand.
The launches are being supported by a 12-strong team that has been specially trained to spot [...] Carole Nash expands into motorhomes & military vehicles. Approved at 20:10, 10.10.2009
ABTA keen to extend ATOL to travellers.
The Association of British Travel Agents (ABTA) is furthering the interests of travellers who book holiday flights and accommodation directly with operators.
Under current provisions, Britons who create their own holidays stand to lose money if an operator goes bust, while those who use a travel agent registered with the government-backed ATOL scheme are protected in [...] ABTA keen to extend ATOL to independent travellers. Published at 21:10, 09.10.2009
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