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News Travel Insurance

New travel insurance policies released for older travellers and cancer patients

Older travellers and those with pre-existing medical conditions can find it difficult to find travel insurance cover, but new products could now make it much easier. If you are aged over 65 or suffer/have suffered from a serious illness, finding adequate and affordable travel insurance cover can be difficult. However, two new products from Co-op Insurance and Bought By Many could ...
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Car Insurance News

Car insurance premiums rose for the eighth quarter in a row at the end of 2017

New figures from the ABI say the average car insurance premium has risen 9% in the past year and now stands at £481. Motorists in the UK could be in for a bit of a shock when their car insurance renewal letter lands on the doorstep this year. New figures from the Association of British Insurers (ABI) show that the cost ...
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Car Insurance News

Car insurance prices rose again at the end of 2017 – with the cost of fraudulent claims adding £50 to each policy

Car insurance premiums continue to rise of UK motorists, with the average cost rising again in the final quarter of 2017. Motorists in the UK were hit with yet another rise in the cost of car insurance at the end of last year. During the final three months of 2017 the average price of a comprehensive car insurance policy increased by ...
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Home Insurance News Travel Insurance

Claiming for lost baggage on your home insurance could get you FOUR times as much as claiming on travel insurance

Many holidaymakers don’t know that not only could they claim on their home contents policy, but it is also likely to pay out more than a travel insurance policy. If you are the victim of theft while on holiday you could get as much as four times more by claiming on your home insurance policy rather than your travel insurance. Most ...
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Car Insurance News

Nearly 3 million cars were vandalised in the UK last year, costing motorists £1.9 billion in repairs

New study reveals the extent of car vandalism in the UK, with the average repair cost per victim rising to £661 last year Just under three millions cars were vandalised in the UK last year, resulting in a collective repair bill of £1.9 billion – an increase of 9.5% on the previous year and averaging at £661 per victim. The data ...
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Car Insurance News

New car accident app shows difference between male and female drivers

A new app from personal injury advice site Cute Injury analyses the causes of road traffic accidents and attempts to highlight the differences between male and female drivers. The online tool uses data direct from the Department for Transport, and analyses every recorded road traffic accident on UK roads in the year 2015, separating the data between car crashes that involved male ...
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lightning bolt
Home Insurance News

Strike it Unlucky: Home Insurer Tells of How Lightning Caused £45k of Damage to Property

Few people would be shocked to learn that a direct hit from a bolt of lightning could trigger a significant amount of damage. In terms of the human cost, this could of course be painful at best, fatal at worst, yet have you ever stopped and thought just how much the bill would be if your home was struck by one ...
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News

Global Pandemic Risks Recognised by World Bank Which Unveils Targeted Insurance Fund in Response

A world first in terms of a central body having the financial means and clout in providing desperately-needed financial resources and subsequent distribution structures in the immediate wake of a global pandemic has been announced. Instigated by the World Bank, the Pandemic Emergency Financing Facility is, essentially, an insurance product aimed specifically at reacting to the unpredictable threats posed by the ...
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holiday in maldives
News Travel Insurance

British Holidaymaker Left High and Dry in Mexico by Travel Insurer Unwilling to Foot Medical Bills, Who Cites Failure to Admit Pre-existing Health Condition

Once again highlighting the importance of always declaring any pre-existing medical conditions a would-be travel insurance policyholder might have, whilst arranging (and subsequently agreeing to and biding by the contractual obligations of) far-reaching cover, is a news story currently doing the rounds; involving a holidaymaker who is effectively stranded in South America due to not having previously disclosed a propensity to ...
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servers
News

Creators of Machine-learning System Which Aims to Tackle Insurance Claim Fraud Receive Major Financial Boost

Combining the efforts of both the much-hyped big data application AND a unique machine-learning system, a French-based tech start-up firm has seen some $10 million poured into its coffers to advance the potential of its bespoke anti-insurance fraud detection assemblage, courtesy of Facebook. Shift Technology utilises big data together with machine-learning so as to detect patterns of fraudulent insurance claims, which ...
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