News

News

Life Insurer Miscalculations Results in 15 Million Policyholders Facing Halved Pay-outs

Those forward-thinking insurance policyholders who have previously chosen to secure a future for their family after they’re no longer in a position to, are counting the cost right now, on news that they could have to double their existing premiums to safeguard the cover they currently enjoy. That’s due to the latest revelations which have rocked the UK’s ‘whole of life’ ...
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Insurer Tells of 6.6 Million UK Citizens Subjected to Internet Scams during Course of 2015

Online fraud is on the increase, as more and more of us choose to live, work and play on the internet. From virtual banking and shopping to dating websites and email phishing, there are a myriad of opportunities for crooks to pilfer our bank accounts whilst we conduct many facets of our daily lives in an online environment. In the last ...
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Travel Insurance Policies Could Rise Significantly Should the UK Vote to Leave the EU, Warn Experts

The continuing debate over whether the UK should stay or go (from a Brexit perspective) rumbles on as we edge ever closer to the impending EU ‘in out’ referendum which is pencilled in to take place this June; and to decide once and for all if Britain is going to extend its working relationship with the rest of the member states ...
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Mooted £5 Billion Pounds’ Worth of Commission turns PPI Mis-selling Misery for Millions into Significant Profits for UK Claims Management Companies

The unmitigated successes of the industry in its own right which grew out of nowhere on the back of the Payment Protection Insurance scandal (and subsequent hullabaloo) shows no signs of slowing down, according to latest statistics; news of which has become an even more difficult pill of acknowledgment to swallow for critics. Recent research undertaken by the National Audit Office ...
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Motor Insurance Conman Receives Prison Sentence after Creating 150 Fraudulent Policies

Another story which proves that crime never pays centers on the breaking news that the Metropolitan Police Force’s dedicated Insurance Fraud Enforcement Department has again been instrumental in the bringing to justice of a motor insurance scammer. The so-called ‘ghostbroker’ was charged at the Old Bailey of orchestrating some 150 blatantly fraudulent motor insurance policies, reports www.insuranceage.co.uk, as part of a ...
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Birmingham Airport Blunder Highlights One of The More Extreme Reasons Why Your Travel Insurer Might Not Pay-out

There are various excuses as to why people can miss flights, ranging from accidentally going to the wrong terminal, failing to hear their flight being called and under-estimating how long it would take them to reach their boarding gate through to accidentally waiting at the wrong boarding gate, falling asleep at the boarding gate and forgetting their suitcase keys. However the ...
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Experts Urge Holidaymakers Seeking Travel Insurance to Give ‘Packaged’ Bank Account-offered Versions a Wide Berth

Holidaymakers are being warned that they shouldn’t simply rely on the travel insurance policies which come as part and parcel of a bank account they’ve previously arranged, due to the inescapable fact that such coverage offered in this less orthodox context falls short of consumer expectations; and more than that, might leave unsuspected travellers up the proverbial creek without the equally ...
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BIBA Puts Cyber Insurance Coverage at the Top of its Recent Conference Agenda as Trade Body Calls on Firms to Do Same

Hot on the heels of announcing its plans to join forces with the government in a collaborative bid to increase transparency for the more mature insurance policyholders here in the UK along with helping members minimise the threats posed by cybercrime, The British Insurance Brokers’ Association (BIBA) has now outlined its intentions to create a dedicated cyber committee with a remit ...
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Group Health Insurance Policy Offered to Lloyds Bank Employees Will Extend Coverage to Transgender Procedures

One of the country’s leading banking institutions has stolen a march on its rivals by announcing that it would henceforth fund its permanent employees’ gender reassignment procedures under an extension of its current staff health insurance policy agreement. www.telegraph.co.uk reported the breaking news that Lloyds Bank had given notice of its employee-benefitting group health insurance intentions last week, while also being ...
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Health Insurer Foots Bill for Brand New Hospital in China

In what to the best of our knowledge marks a first anywhere in the world, a Chinese insurance company has funded an entire hospital as part and parcel of its plans to revolutionise the existing health care model and demonstrate how the health insurance sector can work hand-in-hand with the medical provision-makers going forward. Gaining approval from the China Insurance Regulatory ...
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