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Car-Seven insurers sign up to OFT data exchange limits

July 20, 2010 – 12:59 am |

Seven insurance companies and two IT software and service providers have provisionally agreed to limit the data they exchange, following competition law concerns raised by the Office of Fair Trading (OFT).
Ageas, Aviva, AXA Insurance UK, …

Car-Road safety boredom accident alert

July 20, 2010 – 12:58 am |

Boredom is provoking up to one-third of UK drivers to take unnecessary risks at the wheel, a new study claims.
According to researchers at Newcastle University, drivers who don’t find Britain’s roads taxing enough are more …

Car-LMA recommendations for cutting motor insurance costs

July 20, 2010 – 12:58 am |

“A reduction in the price of motor insurance can only be achieved if the risks and costs borne by insurers are reduced”, the Lloyd’s Market Association (LMA) has told the Transport Select Committee.
David Powell, the …

Car-Research finds rehabilitation an overwhelming success

July 20, 2010 – 12:57 am |

Law firm, Thompsons, is calling on the Government to put rehabilitation at the heart of its civil justice review.
Research by the firm shows that all personal injury respondents who had received rehabilitation while off sick …

car-BIBA acts on motor insurance costs

July 20, 2010 – 12:56 am |

The British Insurance Brokers’ Association (BIBA) is calling on the Government to implement an eight-point plan to reduce the spiralling cost of motor insurance.
The Association’s recommendations, which have been submitted to the Transport Minister ahead …

car-New powers to tackle uninsured driving

July 20, 2010 – 12:56 am |

New powers to tackle uninsured driving will come into force within months, Road Safety Minister, Mike Penning, has announced.
The Department for Transport has today made the Commencement Order to make it an offence to be …

car-FOS prepares for caseload surge

July 20, 2010 – 12:54 am |

The Financial Ombudsman Service (FOS) is preparing for another rise in its caseload, having estimated a 7% increase for the year to March 2011.
In the current financial year, Payment Protection Insurance (PPI) disputes have risen …

Car-Admiral sells German car insurance business

July 20, 2010 – 12:54 am |

Admiral has sold AdmiralDirekt, the group’s car insurance operation in Germany, to Itzehoer Versicherung, for £4.4 million.
The company says it remains focused on continuing the profitable growth of its UK operations and on building businesses …

Car-Investors opt for prestige car collections

July 20, 2010 – 12:53 am |

New research from Aviva indicates that the number of people with four or more top-end cars is on the increase, with some clients owning more than 30.
According to the insurer, a recent surge in the …

car-Over 50s motor claims down despite snow and ice

July 20, 2010 – 12:53 am |

Saga Motor Insurance has reported that insurance claims by over 50s drivers are actually down 17% this December, compared with the same time last year.
The firm has concluded that older motorists are heeding warnings to …