Independent Financial News Network
Friday 03rd of September 2010

Insurance Daily


Insurance News

Insurance Daily is targeted towards the insurance industry and insurance professionals, to provide extensive and comprehensive coverage of the UK insurance sector.

Additionally, it is intended to provide a window of interest to lay persons looking for further information on developments within the insurance sector.

Website: Insurance Daily: Insurance News

Latest Insurance News Headlines:

  • Broker banned for using £570k of client money
  • Target Underwriting Ltd and Professional Insurance Select Ltd.
    Mr Marriott failed to segregate and protect money from clients’ insurance premiums and used client money to support the day-to-day finances at both failing firms.
    He also used [...]]]>

  • Standard Life to cut 500 jobs
  • The life and pensions provider may be cutting as many as 600 jobs, mostly at its Edinburgh base, while at the same time creating up to 100 new posts.
    It is understood that 100 of [...]]]>

  • Marsh launches contamination cover for water utilities
  • With industry regulation tightening and the threat of terrorism increasing, water utility firms globally are firming up their attitude to risk and the insurer claims the policy is the first of its kind.
    It can provide cover of [...]]]>

  • Allianz hires household claims operations manager
  • Coton brings to the post 17 years of experience, and most recently worked for AIG where he was tasked with enhancing the efficiency of operations pertaining to the Premium Booking and Accounts Receivable process.
    In his new role he will [...]]]>

  • Aon expands renewable energy team
  • Mr Grant joins from Marsh, where he managed the renewable energy team and designed and placed major offshore wind policies, having co-designed what have since become the standard offshore wind policy wordings.
    He brings over a decade of renewable energy experience, including working on the [...]]]>

  • Aviva’s RAC launches misfuelling service
  • RAC Fuel Patrol vans are fitted with equipment to extract the contaminated fuel and flush the vehicle’s fuel system on the spot, with motorists driving away, on average, 40 minutes after [...]]]>

  • Road rage benefits valued by scarce
  • Where they do exist, road rage benefit limits range from £500 to £5,000, with cover for professional counselling costs usually included, and sometimes cover for physical assault.
    However, the firm’s general insurance insight [...]]]>

  • swiftcover reveals insurance claims tricks
  • To combat the trend, the company has published the top insurance claims tricks and misconceptions as follows:
    The “Two For One” claim – a driver will pass-off [...]]]>

  • Homeowners give thieves a sporting chance
  • The goods, with an average value of £770, are left in gardens and car boots by 53% of the professionals surveyed.
    More than a quarter (26%) also admitted that their gardens and outbuildings [...]]]>

  • Annuity rates hit all-time low
  • Insurers that provide annuities offer a monthly income in exchange for a retiree’s pension pot and rates have apparently been falling steadily for months.
    The financial website claims that the average rate for a male aged 65 purchasing a level without guarantee annuity (based [...]]]>