Gallagher Heath and Beating Bowel Cancer Form New Partnership
Those above a certain age or those with pre-existing medical conditions, especially anyone suffering from bowel cancer, will understand how difficult it can be to find adequate travel insurance.
However, thanks to a deal between Gallagher Heath and Beating Bowel Cancer, this should now become much easier. The plan will see Unique, the broker’s specialist insurance scheme for people with pre-existing medical conditions provide access to covers whilst also helping to fund the charity’s work.
Customers will now have access to travel insurance without a need for medical screening or upper age limits on single trip policies. They will also read more »
Co-op to sell Life Insurance and Pensions Branch for £219 Million
Customers of the Co-op will no doubt have felt their ears prick up today as the firm revealed plans to sell the life insurance and pensions arm of its business to Royal London, the country’s largest mutual life and pensions company, in a deal expected to boost the possibility of it landing more than 600 Lloyds branches.
The move will be of interest to over 2 million life and savings customers, which it has acquired since its formation in 1867. Subsidiaries which will be transferred across to Royal London include CIS Unit Managers, a unit trust business.
The Co-op is also speculated to be considering other asset sales, including its read more »
Holidaymakers warned of Spanish EHIC Card Scheme
Holidaymakers are being warned to take care if they need hospital care in Spain as many are finding themselves at hospitals which are refusing to accept the European Health Insurance Card that provides free or state equivalent healthcare in EU countries.
The Telegraph is reporting that tour operators, taxi drivers and even police could be receiving backhand payments to direct tourists to cash-strapped hospitals. Tourists are presenting their EHIC, only for it to be refused and are then presented with a substantial bill.
The European commission has warned Spain that it could take formal legal action such as an infringement procedure if these read more »
Insurance Watchdog Prepares EU for New Risk Rules
The EU’s Insurance watchdog announced it is to take action on preparing insurance companies ahead of new rules set to bring major changes to the industry’s risk and capital management. The European Insurance and Occupational Pensions Authority (EIOPA) has released draft guidelines relating to systems of governance, risk assessments, reporting procedures as well as the process for getting individual capital models approved by regulators.
The EIOPA stated recently that it hopes to hopes the guidelines, known as Solvency II will take effect on January 1st 2014.
In the meantime, the chairman of the EIOPA, Gabriel Bernardino has advised read more »
A Guide to Catering Van Insurance
Catering is an ever-growing industry with Catering Vans popping up in car parks, theme parks and outside nightclubs. With the convenience of moving your business to a better location it is no wonder.
Getting your Catering Van up and running can be a trying and complex procedure. With many hurdles to jump over including public liability insurance and food and safety certificates, finding catering van insurance needs to be straightforward and comprehensive.
When your vehicle is your business you need to make sure you’re getting the right insurance for you. There are many different kinds of insurance out there so be sure to know what read more »
Disappointment as Government Fails to Reach Flood Insurance Deal
Insurers, homeowners and businesses have been left disappointed after the Association of British Insurers failed to reach a deal with government officials over a proposed flood insurance deal.
The environmental secretary, Own Paterson, said that he was disappointed at failing to secure to a new agreement over the insurance of homes and businesses that are at high risk of flooding.
The ABI have been in talks over the proposed strategy with the government for some time, which aims to provide a pot of money raised from insurance premiums towards paying claims in the event of serious flooding.
Funded by premiums paid on policies to subsidise read more »
Younger Generation Overlooking Insurance
A new report by Bright Grey has revealed that the overwhelming majority of the younger generation would not consider taking out insurance.
Just 6% would consider buying insurance as an immediate priority while 16% said that they understand the important of insurance but cannot afford it.
The Generation Now report revealed that 25% of 25-40 year olds were ‘living for the day’ and that a third were living hand-to-mouth and not saving.
The report revealed that the main priorities for this age group were keeping up with mortgage payments and rent (43%), followed by looking for a job that interested them (23%), planning their next holiday read more »
Exotic Pet Insurance: Everything You Need to Know
Exotic pets are having something of a popularity boom in the UK at the moment. No longer content with your average cat or dog, people are looking into caring for all kinds of animals from Boa Constrictors to Bald Eagles. Naturally if you have a pet that is rare or unusual, your pet insurance needs will reflect a unique set of specifications.
Who needs it?
Exotic pet insurance is useful for those with all types of exotic pets, whether bird, mammal or reptile. Owners are provided with financial assistance should their animal fall ill, get lost or stolen. Some pets that fall under the category of exotic include parrot, tortoise, terrapins, read more »
Lincolnshire Teenager Struggles to Get HGV Insurance
A Lincolnshire teenager is facing £11,000 a year for HGV insurance, pricing her out of driving the family lorry.
Lizzy Coulson is 19 and works in Middle Rasen, Lincolnshire, on the family farm. She has told BBC Lincolnshire how that she wants to drive the family lorry on the road to move sheep from field to field to help out her father, but cannot get insurance.
Despite passing her HGV test, which can be taken at 18, Miss Coulson faces astronomical policy charges or outright refusal to be insured. One insurance told her to wait until she was 23, while another quoted £11,000 a year.
Her struggles highlight the ongoing problems for read more »
ABI Breaks Down the Cost of Motor Insurance Premiums
The Association of British Insurers has revealed what makes up motor insurance premiums and where motorists’ money actually goes when they pay out for insurance.
The figures reveal that personal injury claims account for a large majority of claims, with whiplash claims accounting for 20% alone.
Whiplash claims have come under scrutiny in recent months, after the ABI aired concern about the legitimacy of these claims. 80% of current injury claims are for whiplash, but the ABI believes the large majority of these are false.
The problem with whiplash claims is that they are very hard to confirm or deny. The ABI believes that more than a read more »
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