financial news

IFB launches landmark consultation

The Insurance Fraud Bureau (IFB) has taken a landmark step towards extending its services to defendant lawyers, investigators and other industry suppliers, by launching a consultation on ‘affiliate membership’. The […]

Direct Line’s prices exceed expectations

Direct Line Insurance, Britain’s largest motor insurer, reported a bigger than expected rise in motor insurance prices for the third quarter, helping to boost its sales. The insurance firm, whose […]

AXA merges UK and Ireland

AXA UK will bring all of its insurance business under one leader with the news that AXA Ireland has been added to the remit of Amanda Blanc, CEO of AXA […]

Toyota recalls 6.5 million cars

Japanese carmaker Toyota has said it will recall 6.5 million vehicles worldwide over a faulty window switch. The power switch could potentially short-circuit, causing parts to overheat and could lead […]

European car sales continue to rise

European new-car sales continued to increase in September, completing 25 consecutive months of growth. The result is in line with the 2015 monthly average while YTD figures reveal a healthy […]

New insurance solutions for digitalisation

Dynamic market change may bring countless opportunities, but it invariably also brings new risks. In a survey conducted by Munich Re, some three quarters of insurance companies said they believe […]

Ageas early adopters of Insurance Act

Ageas has become one of the UK’s first insurers to adopt the principles of the Insurance Act 2015, 10 months ahead of the 12 August 2016 live date. As part […]

Speed fines contested via Telematics

More than a third (35%) of businesses in the UK have used telematics tracking technology to contest either a speeding fine or a false insurance claim, new research from RAC […]

Zurich group to cut 500 jobs

Zurich Insurance Group plans to cut up to 10%, or 500 jobs, from its 5,500-member workforce in Germany over the next two years as it consolidates operations, according to Reuters. A company […]

RAC launches Black Box Insurance

The RAC is rewarding motorists who prove they are safe drivers from this week with the launch of a Black Box Insurance scheme. Drivers can show how safe they are by installing […]

£570k fine issued against claims firm

Rock Law Ltd, based in Swansea, has been fined almost £570,000 for coercing clients into signing contracts, without giving them enough time to understand the terms and conditions before taking […]

Concern raised over basic hire rates

Concerns have been raised over the manner in which solicitors are providing evidence of vehicle rental rates (known as Basic Hire Rates) in disputed car accidents, according to a report […]