Insurance Sector

Association of British Insurers wants electric vehicles to replace written-off gas-powered cars

Association of British Insurers wants electric vehicles to replace written-off gas-powered cars

Encouraging consumers to make more sustainable choices, the Association of British Insurers (ABI) has suggested that drivers should go electric after their conventional gas-powered cars are written

Direct Line reports smaller-than-expected claims bill

British home insurer Direct Line Group reported a smaller-than-expected bill for the country's severe winter severe weather, with claims remaining well below analysts' average projection.

Debacle, as Setanta Insurance goes into liquidation leaving 75,000 drivers looking for new cover

Nearly 75,000 people may have to go in for new insurance coverage as their insurer Setanta Insurance, has gone into bankruptcy in Malta. All these people who had insurance policies with Setanta have seen their premiums being lost and insurance cover expired.

A decision to dissolve the troubled Setanta insurance was quickly taken after an unexpected general meeting that took place in Malta.

RSA to See Yet Another Change in Its Management

Adrian Brown the boss of RSA resigned from his post as the troubled insurer is setting up new strategies after a capital short fall was discovered last year in the Irish business of the group which caused a shake-up in its team of management.

MPs to examine whiplash claims’ impact on soaring car insurance costs

A cross-party committee of MPs is trying to determine the extent to which whiplash injury claims are responsible for the soaring costs of car insurance.

The road-related personal injury claims have jumped by nearly 60 per cent since the year 2006. Insurers' average estimate suggests that nearly 1,500 whiplash claims are being made per day, prompting ministers to say that action was required to curb the whopping increase in the number of claims.

UK churches made 1,484 lead theft insurance claims in 2010

Churches in Manchester and Lincoln suffered the maximum number of lead theft cases over the last one year.

Figures released by specialist church insurers Ecclesiastical showed that Churches in Manchester suffered more than 90 cases of metal thefts.

Churches in Lincoln made over 70 insurance claims for lead theft, while Lichfield diocese made more than 60 insurance claims over the same one year period.

In all, Ecclesiastical received 1,484 metal theft insurance claims over the last year. The insurer will have to bear more than 3 million pounds in costs.