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Insurance News Stories

Don’t be left in the dark by daylight savings

Updated: 30th October 2017 - First Published: 30th October 2017 The clocks go back this weekend and the nights will start to draw in, which means winter is well and truly on its way. Unfortunately, it also means that homes could be left vulnerable, with opportunistic thieves taking advantage. Read More...

Claims costs fall on Friday 13th

Updated: 13th October 2017 - First Published: 13th October 2017 Friday 13th may be unlucky for some, but interestingly, this means people actually take more care on this one key day than at other times, with average claims costs falling dramatically on this supposedly unlucky date. Read More...

Uninsured women putting families at risk

Updated: 09th October 2017 - First Published: 02nd October 2017 The focus has been on men to get things such as life insurance, income protection and/or critical illness cover. Yet households would only be able to pay the bills for seven months should something happen to the lady of the house. Read More...

Staycationing this year? You still need insurance

Updated: 26th July 2017 - First Published: 26th July 2017 These days, there’s no need to jet off to far-flung destinations to enjoy your summer holiday – staycations are on the rise, with many relishing the chance to get away from it all on home soil. But that doesn’t mean you should forget about insurance! Read More...

Tax hike means insurance costs could skyrocket

Updated: 02nd June 2017 - First Published: 02nd June 2017 The latest increase to insurance premium tax (IPT) came into effect yesterday (1 June 2017), and unfortunately, it means millions could be hit with higher insurance bills. So how can you make sure your bills don’t escalate too much? Read More...

Insurance customers save £100s by shopping around

Updated: 11th May 2017 - First Published: 11th May 2017 We all know that we should shop around when it’s time to renew an insurance policy, yet many consumers simply renew without thinking about it. This can often mean they spend more than they need to, when they could save hundreds by going elsewhere. Read More...

Homeowners remain optimistic about house prices

Updated: 16th February 2017 - First Published: 16th February 2017 Do you think your home has increased in value since you bought it? Chances are you’re fairly optimistic – and probably with good reason – as research finds that the vast majority believe their home is worth a hefty chunk more than they paid for it. Read More...

Have you insured your daily commute?

Updated: 10th February 2017 - First Published: 10th February 2017 Insurance may not be the first thing you think about when organising your daily commute, but considering how much the typical London commuter carries with them, it could pay to make sure you’re covered. Read More...

£27 million: the cost of insuring Santa

Updated: 08th December 2016 - First Published: 08th December 2016 As Father Christmas prepares for his big night, Towergate has estimated the cost to insure him as he journeys around the country spreading joy, delivering gifts, and eating mince pies. The figure: an impressive £27,143,554.20! Read More...

Insurance premiums set to rise even more

Updated: 24th November 2016 - First Published: 24th November 2016 One of the most unwelcome aspects of yesterday’s Autumn Statement was the rise in Insurance Premium Tax – it’ll be the third time it’s risen in little more than 18 months – and unfortunately, it means insurance premiums are set to rise even further. Read More...

£2,833: the cost of a burglary

Updated: 14th October 2016 - First Published: 14th October 2016 A while ago, a local newspaper featured a story of a burglary that saw thieves come in through the attic – an unusual sight. What most stories on burglary don’t feature, however, is the cost to the victims: a £2,833 bill. Read More...

Another insurance tax rise hits our wallets

Updated: 04th October 2016 - First Published: 04th October 2016 At the beginning of this month a new rate of insurance premium tax came into effect, meaning it now stands at 10%, up from 9.5%. The ABI has called this a “raid on the responsible”, but what does it mean for you? Read More...

Students leaving home with £2K in belongings

Updated: 21st September 2016 - First Published: 21st September 2016 Students nowadays leave for university with a lot more high-tech gadgets than they used to, resulting in an average £1,896 worth of property which could be dangerously under-protected. Read More...

Fraudulent insurance claims on the rise

Updated: 14th September 2016 - First Published: 14th September 2016 Fraudulent insurance claims don’t do anyone any favours. Not only can they be disastrous for the cheats in question, but they can lead to higher insurance premiums for everyone else – and unfortunately, such fraud is on the rise. Read More...

£24,000: the average wedding price tag

Updated: 17th August 2016 - First Published: 17th August 2016 Your wedding is the most special day of your life, but it can also be the most expensive – and costs are rising. In fact, a survey has found that the average cost of a wedding has risen by some 15% in the last six years, to a whopping £24,000. Read More...

Are you festival-ready?

Updated: 21st June 2016 - First Published: 21st June 2016 The festival season is upon us, but have you considered insurance? Failing to do so could be a big mistake, with research warning that UK festival goers are risking hundreds of pounds worth of valuables by failing to be covered when outside the home. Read More...

Get your insurance sorted for the Easter holidays

Updated: 29th March 2016 - First Published: 29th March 2016 The Easter holidays are in full swing, but after all the over-indulgence of the past weekend, it’s time to start thinking about what you’ll do with the rest of your break – and it could be even more important to check that your insurance is in order. Read More...

Two in five have issues with insurance claims

Updated: 13th January 2016 - First Published: 13th January 2016 Needing to claim on an insurance policy isn’t a pleasant experience for anyone. As such, you’ll want the process to go as smoothly as possible, but unfortunately, research has found that things don’t always go according to plan. Read More...

Protect yourself against festive thefts

Updated: 14th December 2015 - First Published: 14th December 2015 We all know how important it is to be vigilant against opportunistic burglars at this time of year, particularly with so many festive goodies filling your home. But do you know what kind of loot those burglars will be on the prowl for? Read More...

What does the insurance tax hike mean for you?

Updated: 28th October 2015 - First Published: 28th October 2015 In just a few days’ time, the cost of insurance will begin to edge up as the insurance premium tax (IPT) hike comes into force. But just what’s happening, and what will it mean for you and your finances? We take a closer look. Read More...

Insurance payouts hit record – but are you covered

Updated: 25th September 2015 - First Published: 25th September 2015 Figures from the Association of British Insurers (ABI) have revealed that insurance payouts have hit a record level, with over £77 million being paid out in general and protection insurance claims every single day. The question is, are you covered? Read More...

£3.6m of insurance fraud takes place every day

Updated: 20th July 2017 - First Published: 13th July 2015 Insurance fraud can add to the cost of premiums for honest customers, but luckily, the industry is cracking down and is uncovering a huge amount of attempted fraud every day – and happily, this exposure helps to keep costs down. Read More...

Growth in cycle insurance

Updated: 25th April 2017 - First Published: 24th June 2015 Cycling is enjoying a surge of popularity at the moment. Unsurprisingly, this has led to a clear spike in the number of people taking out cycle insurance, as cyclists look to protect their (often pricey) investment. Read More...

Good news – insurance premiums are falling!

Updated: 21st April 2015 - First Published: 21st April 2015 Insurance is one of those things that no-one really likes paying for, so the latest news that premiums are actually falling is bound to be welcomed. Read More...

Step up your insurance provision this spring

Updated: 14th April 2015 - First Published: 10th April 2015 The evenings are getting lighter, the temperature is starting to rise and the flowers are blooming – spring is definitely in the air! But, before you get carried away with all the joys of the new season, have you considered your insurance provision? Read More...

Don’t have a fright this Halloween – be prepared!

Updated: 30th October 2014 - First Published: 30th October 2014 Halloween is approaching fast, and if you don’t want to have a fright, you’ll need to be prepared! And we don’t just mean making sure you’ve got enough goodies to appease all those trick or treaters, either... Read More...

Growing number of families are forced to rent

Updated: 16th October 2014 - First Published: 16th October 2014 While some people actively choose to rent their home, a growing number are being forced into it thanks to a lack of funds. Read More...

Cost of home and car insurance falls by 7%

Updated: 18th August 2014 - First Published: 18th August 2014 The market often seems to be full of negativity when it comes to the cost of insurance, so it’s always nice when something positive comes along. Well, we’ve got that kind of story, with the cost of home and car insurance having fallen by 6.8%. Read More...

Why do people insure pets before their family?

Updated: 23rd July 2014 - First Published: 23rd July 2014 It may come as a surprise, but people are twice as likely to insure their pets than their family. Research has found that 21% of people hold a pet insurance policy while just 12% have critical illness cover, and only 9% hold income protection. Read More...

Women without savings urged to protect families

Updated: 18th July 2014 - First Published: 18th July 2014 Hundreds of thousands of women with no savings to their name have been warned they could be putting their families' financial future at risk by failing to have the right kind of protection in place. Read More...

Women don’t have a financial Plan B

Updated: 11th July 2014 - First Published: 11th July 2014 We all like to think that we’ll be financially prepared should the worst happen, but research from Aegon has revealed that a worrying proportion might not be. Read More...

Insurers told to give clearer quotes

Updated: 10th July 2014 - First Published: 10th July 2014 Do you find it difficult trying to wade through pages and pages of small print when you’re arranging your insurance policy just to know what you're paying? Probably, yes, and that’s why the Association of British Insurers (ABI) has stepped in. Read More...

Insurance fraud hits record levels

Updated: 30th May 2014 - First Published: 30th May 2014 Latest figures from the Association of British Insurers (ABI) have revealed that insurance fraud hit record levels in 2013, led by fraudulent motor insurance claims which have seen a steep rise. Read More...

Be prepared for your bank holiday break

Updated: 22nd May 2014 - First Published: 22nd May 2014 If you’re lucky enough to be taking advantage of the bank holiday weekend (or perhaps the whole half term) with a well-earned break, there are several things you’ll need to think about. Namely, insurance – and there are three core types to focus on. Read More...

Record low insurance premiums… but will it last?

Updated: 28th April 2014 - First Published: 28th April 2014 The insurance renewal hits the door mat and you dread opening it in case of a price hike. Next step is to hit our Moneyfacts comparison tools to see if you can get a better deal. Read More...

Insurance fraud on the rise

Updated: 25th April 2017 - First Published: 24th April 2014 Insurance is there to protect your finances should something be lost, stolen or damaged beyond repair, but unfortunately not everyone uses it for its intended purpose. Read More...

Insurance extras – could your bank cover you?

Updated: 12th March 2014 - First Published: 12th March 2014 Insurance can be a vital purchase, protecting your possessions (or even yourself) and ensuring you’re not lumbered with a costly repair bill should things go wrong. But, what about add-on insurances? Read More...

Flood Re: Peace of mind for flood hit areas

Updated: 27th February 2014 - First Published: 24th February 2014 Living on a small island means that many properties are at risk from flooding, whether it be a threat from the coast, rivers or the fact that you live in a low lying area. Read More...

Help with claiming for flood damage

Updated: 27th July 2017 - First Published: 12th February 2014 With thousands of homes being affected by the ongoing flooding in Britain, many households are going to be making claims on their insurance. Read More...

Sun seekers looking to beat the January blues

Updated: 07th January 2014 - First Published: 07th January 2014 With the Christmas break being a dim and distant memory, a lot of people are longing for a bit of sunshine. So why not start thinking about that all-important summer holiday? Read More...

Storms taking their toll

Updated: 03rd January 2014 - First Published: 03rd January 2014 The UK has come under fire from severe weather over the past few weeks, and indeed in the past 24 hours – at the time of writing there are still 10 severe flood warnings in place, meaning danger to life, while a tidal surge is expected in Scotland. Read More...

Pets insured before people

Updated: 07th December 2016 - First Published: 12th December 2013 The UK may be a nation of animal lovers but research has revealed just how true this sentiment is, with Friends Life finding that people are more likely to insure their pets than themselves. Read More...

Festive frolics and winter repairs – be ready

Updated: 11th December 2013 - First Published: 11th December 2013 The Christmas season is upon us, but whilst it’s a time of fun and frolics it also signals one of the busiest periods in the insurance calendar. Read More...

The storm surge clear-up

Updated: 06th December 2013 - First Published: 06th December 2013 Thousands of homes across the East of England have been battered by a violent storm surge overnight, with high tides later today expected to cause further damage. Read More...

Protect yourself this Christmas

Updated: 04th December 2013 - First Published: 04th December 2013 Christmas is rapidly approaching, and whilst it should be a time of peace, love and goodwill to all men, not everyone sees it that way. Read More...

Be prepared for winter holidays

Updated: 21st November 2013 - First Published: 21st November 2013 With temperatures plummeting over the last few days and forecasters expecting the arctic freeze to soon set in, a lot of Brits will be longing for a bit of winter sun. But, homeowners are being urged to be prepared. Read More...

Mis-sold to policyholders to vote on compensation

Updated: 11th November 2013 - First Published: 11th November 2013 Millions of consumers have been left out of pocket by mis-sold card and identity protection insurance policies, and now the Financial Conduct Authority (FCA) has asked affected policyholders to vote on a proposed compensation scheme. Read More...

Mis-sold PPI refunds top £12 billion

Updated: 16th October 2013 - First Published: 16th October 2013 Figures released by the Financial Conduct Authority (FCA) have revealed that consumers who were mis-sold payment protection insurance successfully reclaimed £446 million in August, bringing the total amount paid to £12 billion since January 2011. Read More...

Increased excesses put people off claiming

Updated: 09th October 2013 - First Published: 09th October 2013 New research by Sainsbury’s Bank has revealed that higher premium excesses put a large proportion of people off making a claim, even if they increased their excess voluntarily. Read More...

PPI payouts reach £10.5 billion

Updated: 23rd July 2013 - First Published: 22nd July 2013 Over £10.5 billion has been paid out to customers affected by the mis-selling of payment protection insurance (PPI) since January 2011, making it the biggest scandal to ever hit the banking sector. Read More...

Mis-sold Swinton customers set for compensation

Updated: 03rd May 2017 - First Published: 17th July 2013 Swinton policyholders who took out monthly insurance with the firm have been told they might be eligible for compensation after the Financial Conduct Authority (FCA) found the insurance retailer guilty of mis-selling. Read More...

PPI payouts reach £10 billion

Updated: 02nd June 2017 - First Published: 28th June 2013 Financial institutions paid out a total of £10.1 billion in compensation to customers affected by mis-sold payment protection insurance (PPI). Read More...

Direct Line expected to cut 2,000 jobs

Updated: 26th June 2013 - First Published: 26th June 2013 The insurance company, Direct Line, is reportedly set to cut its workforce by 14%, resulting in the loss of around 2,000 jobs. Read More...

New business profits rise at Aviva

Updated: 16th May 2013 - First Published: 16th May 2013 New business at Aviva grew by 18% during the first quarter of this year, reaching £191 million. Read More...

Prudential new business profits rise

Updated: 08th May 2013 - First Published: 08th May 2013 Prudential plc has announced it made a 5% increase in new business profits during quarter one of 2013. Read More...

Aviva pays out 99% of all life insurance claims

Updated: 29th August 2017 - First Published: 29th April 2013 The UK’s largest insurer paid out a total of £475 million in life insurance, critical illness and income protection claims last year. Read More...

PPI redress reaches £9.3 billion

Updated: 24th April 2013 - First Published: 24th April 2013 The total amount compensated to customers affected by the mis-selling of payment protection insurance (PPI) has topped £9.3 billion, according to figures released by the Financial Conduct Authority (FCA). Read More...

Women undervaluing life cover sums

Updated: 23rd April 2013 - First Published: 22nd April 2013 Women in the UK are insuring themselves for around a third less than men in the same age bracket, new research by Scottish Provident has found. Read More...

Aviva to cut 2,000 jobs

Updated: 19th April 2013 - First Published: 18th April 2013 Around 2,000 jobs are set to go at one of the UK’s largest insurance groups as part of an ongoing cost-cutting programme. Read More...

Thousands brush off life and income cover

Updated: 07th December 2016 - First Published: 15th April 2013 A worrying number of people are failing to take out important products such as critical illness, life insurance and income protection cover, leaving them exposed to major financial risks, new research by Scottish Widows has found. Read More...

New Conduct Rules for CMCs blasted

Updated: 09th April 2013 - First Published: 09th April 2013 CAB, CMCs, criticised Read More...

Aviva posts pre-tax loss of £2.7 billion

Updated: 07th March 2013 - First Published: 07th March 2013 The UK’s largest insurer, Aviva, has announced it made a loss of £2.7 billion during 2012, causing its share price to drop by over 12%. Read More...

PPI complaint numbers continue to soar

Updated: 05th March 2013 - First Published: 05th March 2013 Volumes of complaints in relation to mis-sold payment protection insurance (PPI) have grown at an “unprecedented” rate according to the Financial Ombudsman Service (FOS). Read More...

Flood warnings follow big freeze

Updated: 28th January 2013 - First Published: 28th January 2013 Insurance companies are bracing themselves for a high level of claims over the next few weeks as snow and freezing weather make way for milder temperatures and stormy conditions. Read More...

How to independently claim back mis-sold PPI

Updated: 09th January 2017 - First Published: 17th January 2013 Early discussions are taking place between the Financial Services Authority (FSA) and banks regarding an agreement on the deadline for customers being able to make claims for the mis-selling of payment protection insurance (PPI). Read More...

Insurance costs switch to ‘gender neutral’

Updated: 27th December 2012 - First Published: 21st December 2012 Millions of women are bracing themselves for higher car insurance costs as new EU rules come into effect today. Read More...

Pair fined £250,000 for rogue PPI cold-calling

Updated: 26th November 2012 - First Published: 02nd October 2012 The Information Commissioner’s Office (ICO) has fined two men who acted illegally on behalf of claims management companies (CMC)s. Read More...

Clampdown on insurance fraudsters

Updated: 28th November 2017 - First Published: 14th September 2012 In an attempt to crackdown on insurance fraud that costs the industry an estimated £1 billion a year, the Association of British Insurers (ABI) has launched an insurance fraud register. Read More...

PPI complaints reach 400,000

Updated: 15th August 2012 - First Published: 15th August 2012 The number of people complaining about mis-sold payment protection insurance (PPI) has reached 400,000. Read More...

Ombudsman sees PPI complaints rise

Updated: 22nd May 2012 - First Published: 22nd May 2012 The number of payment protection insurance (PPI) complaints passed over to the Financial Ombudsman shot up in the last financial year. Read More...

Millions of PPI customers to be contacted

Updated: 06th March 2012 - First Published: 06th March 2012 Millions of customer who took out payment protection insurance (PPI) who have not yet claimed for compensation are to be contacted with details of how to do so. Read More...

Consider protection cover now, women urged

Updated: 28th November 2017 - First Published: 05th March 2012 Women are being urged to consider taking out financial protection before new gender rules are sworn in later this year. Read More...

Consumers paid £1.9bn in 2011 PPI compensation

Updated: 22nd February 2012 - First Published: 22nd February 2012 Consumers were paid out to the tune of £1.9 billion last year in compensation for being mis-sold payment protection insurance (PPI). Read More...

Banks hit with £1 billion PPI bill

Updated: 21st December 2011 - First Published: 21st December 2011 Banks have been hit with a £1 billion bill for payment protection insurance (PPI) compensation in 2011 so far. Read More...

FSA warns on future payment protection products

Updated: 02nd November 2011 - First Published: 02nd November 2011 Providers have been warned that regulators will be keeping a close eye on future payment protection products that are launched. Read More...

Half of parents lack a financial plan

Updated: 26th October 2011 - First Published: 26th October 2011 UK families are putting themselves at huge risk by failing to take steps to secure their financial future. Read More...

HSBC given more time to deal with PPI complaints

Updated: 14th December 2012 - First Published: 16th June 2011 HSBC has been added to the list of banks allowed extra time to deal with payment protection insurance (PPI) complaints. Read More...

Barclays makes PPI pledge

Updated: 30th November 2017 - First Published: 13th June 2011 Barclays has promised to compensate all customers to whom it sold payment protection insurance (PPI) and who made a complaint before 20 April. Read More...

‘Signposts’ to point older customers to insurance

Updated: 25th September 2017 - First Published: 26th May 2011 Plans for a system to point older consumers struggling to find insurance in the direction of suitable providers have been welcomed by the insurance industry. Read More...

PPI claimants urged to avoid claims firms

Updated: 19th April 2017 - First Published: 23rd May 2011 Consumers who think they have been mis-sold payment protection insurance (PPI) have been told to approach the company that sold it to them direct rather than lose out money by going through a claims management company. Read More...

Could insurers use life expectancy blood tests?

Updated: 16th May 2011 - First Published: 16th May 2011 People that fail to make any financial plans for their retirement face having to get by on £140 a week, but many think that will be enough. Read More...

Banks admit defeat as PPI row finally ends

Updated: 09th May 2011 - First Published: 09th May 2011 The UK’s banks have admitted defeat as the lengthy row over the mis-selling of payment protection insurance (PPI) finally draws to a close. Read More...

Path cleared for PPI compensation…for now

Updated: 20th April 2011 - First Published: 20th April 2011 People who have been mis-sold payment protection insurance (PPI) appear to have the law on their side after the High Court ruled against the banks over how complaints about the controversial policies should be handled. Read More...

Hard-up households told not to give up insurance

Updated: 28th November 2017 - First Published: 10th January 2011 Cash-strapped Britons planning for a year of frugal living have been urged not to sacrifice their insurance cover to save a few pounds. Read More...

£1.5 billion lost as insurance hikes are accepted

Updated: 28th November 2017 - First Published: 21st December 2010 Britons are letting £1.5 million slip through their fingers every year because of their refusal to drive a hard bargain over insurance premiums. Read More...

Banks accused of delaying PPI complaints

Updated: 14th December 2010 - First Published: 14th December 2010 Complaints relating to payment protection insurance (PPI) are not being dealt with by some banks as quickly as they should be, according to the Financial Ombudsman Service (FOS). Read More...

Lack of financial safety net puts families at risk

Updated: 25th November 2010 - First Published: 24th November 2010 Breadwinners have been urged to think about what might happen to their families financially if they were unable to work for a prolonged period of time. Read More...

Storm season heightens need for insurance

Updated: 26th November 2012 - First Published: 09th November 2010 Homeowners have been warned to make sure they have sufficient home insurance cover ahead of the storm season. Read More...

Point-of-sale PPI selling banned

Updated: 24th April 2017 - First Published: 14th October 2010 The Competition Commission has confirmed that lenders will no longer be able to sell payment protection insurance (PPI) to their customers at the same time as granting them a loan. Read More...

PPI complainants urged to act swiftly

Updated: 11th October 2010 - First Published: 11th October 2010 Consumers considering complaining about their payment protection insurance (PPI) policies have been urged to act swiftly after the banks announced they are to challenge some of the new complaints handling rules which are due to be introduced. Read More...

Insurance: The questions you never dared ask…

Updated: 28th November 2017 - First Published: 25th August 2010 Did you know that more than £230 million is paid out in the UK each day in pension and life insurance benefits? Or that over £50 million is paid out every day in general insurance claims, including home insurance and car insurance claims. Read More...

Consumers set for better PPI protection

Updated: 10th August 2010 - First Published: 10th August 2010 A package of measures to protect consumers who have been sold payment protection insurance (PPI), or who are looking to take it out, has been introduced by the Financial Services Authority (FSA). Read More...

Lloyds waves goodbye to Payment Protection (PPI)

Updated: 04th May 2017 - First Published: 27th July 2010 Lloyds Banking Group has decided to stop selling the controversial Payment Protection Insurance (PPI) on all its loans, credit cards and mortgage deals. Read More...

Car insurance costs motor upwards

Updated: 28th November 2017 - First Published: 19th July 2010 Drivers looking to renew their car insurance cover could be forgiven for feeling some trepidation after figures showed that premiums are rising at their fastest rate ever. Read More...

Point-of-sale PPI ban ruling is upheld

Updated: 14th May 2010 - First Published: 14th May 2010 The Competition Commission (CC) has confirmed that it is to ban point-of-sale Payment Protection Insurance (PPI), with the exception of retail PPI, despite a challenge by Barclays Read More...

Winter weather highlights importance of insurance

Updated: 28th November 2017 - First Published: 12th March 2010 The importance of having adequate insurance has been revealed, after insurers said they paid out £650 million in claims relating to the recent bad weather. Read More...

Don’t harm industry – ABI

Updated: 27th November 2009 - First Published: 03rd June 2009 The Association of British Insurers’ director general, Stephen Haddrill (pictured), has warned the Government not to harm other industries, such as insurance, as it sets about dealing with the banking crisis. Read More...


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