4th October 2018 Fake car insurance fraud- Police launch second phase of campaign

New figures from the City of London Police’s Insurance Fraud Enforcement Department (IFED) has revealed that 17-24 year olds are most likely to fall victim to fraudsters selling fake care insurance, also known as ‘ghost brokers’. From November 2014 – July 2018, the majority of reports...

4th October 2018 Whiplash fraudster guilty of contempt of court ordered to pay £48,000

Insurance law firm, Horwich Farrelly, working with insurer Aviva, have successfully secured a guilty conviction for a wealthy software engineer who claimed he was injured in a minor motor collision at a toll booth pay station. The case saw the claimant, Mr Randive, who was...

28th September 2018 Marine Trade Insurance

Material Damage There is a huge diversity of marine businesses that require insurance to cover their buildings, contents or stock from physical loss or damage. Public Liability Liability to third parties in the operation of your business. Most boatyards and marinas will require a minimum of £2- 5m...

28th September 2018 Who Needs Marine Insurance

From the Financial Ombudsman Service  technical resource Marine insurance overview This technical note covers some of the issues that arise in relation to complaints involving marine insurance policies. We set out some of the complaints we see most regularly - and our general approach when we consider whether the...

28th September 2018 FCA to launch dual pricing investigation in “a few weeks’ time

Regulator makes promise as Citizens Advice launches £4bn super-complaint. The Financial Conduct Authority (FCA) has promised to launch a market study looking at how general insurance firms charge their customers for home and motor insurance. According to the regulator the terms of reference for the market study...

28th September 2018 RSA in shock profit warning

Insurer’s UK business reports £70m underwriting loss as COR worsens to 110%. RSA Insurance has warned that its UK underwriting business has suffered a loss of £70m in the third quarter of 2018. The combined operating ratio for the UK and London market business deteriorated to 110%,...