Insurance News

Car insurance premiums still too high, says watchdog

The costs from the at-fault insurer are being passed on to all motorists.

The Competition Commission has conducted a review into the motor insurance industry and reveals that prices are too high.

Staff turnover doubles at two new financial regulators

The end of the FSA has seen more regulator change career

Since the Financial Services Authority was disbanded to create the Financial Conduct Authority and the Prudential Regulatory Authority staff turnover has doubled.

Bad weather is causing losses for insurance firms, warns RSA

Bad weather is causing losses for insurance firms, warns RSA

Insurance firm RSA has stated that the bad weather in 2013 has hit insurance companies hard

149% rise in PPI complaints to Ombudsman in 2013

PPI complaints are still rising, according to the FOS

The number of complaints about payment protection insurance referred to the Financial Ombudsman Service in the first six months of the tax year is 149% higher than the same period last year.

FCA and banks agree £1.3bn protection mis-selling compensation

The FCA has agreed a compensation scheme with consumers who were mis-sold protection policies

The Financial Conduct Authority has announced details of a scheme to compensate credit card customers who were mis-sold credit card ad identity protection products.

Aviva share price up as cost savings help improve profits

Aviva has posted improved financial results

Aviva unveiled a rise in profits following drastic restructuring. Its interim results have pushed the share price up by almost six per cent.

Record annual drop in the cost of car insurance

Car insurance for young drivers is falling, says the AA

The latest AA Insurance Index shows that car insurance has fallen by almost 10 per cent over the last 12 months and hone insurance costs are dropping too.

Swinton Insurance customers in line for compensation payout

Swinton Insurance has been fined £7.4 million for telesales mis-selling

Swinton Insurance has been fined £7.2 million by the Financial Conduct Authority for mis-selling add-ons to policies between April 2010 and April 2012.

FCA chief executive stresses major differences from FSA

FCA will clamp down on the insurance sector

The chief executive of the FCA Martin Wheatley has stressed that the FCA is a 'very different animal' to its predecessor, the FSA.

Flood insurance compromise deal reached

A new cap on how much homes have to pay on flood insurance

A new agreement has been reached between the government and the insurance industry that puts a cap on how much homes have to pay for flood insurance.

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