Car owners saved on average £670 on motoring bills in the last 12 months, says insurer

Motorists have collectively saved £25.6billion on vehicle expenses since the start of lockdown in March 2020, according to a new report.  With the public told for most of the previous 12 months to stay home to stay safe, car usage has plummeted over the course of the year. The average owner has spent £670 less … Read more

ASK TONY: Why did home insurer slam brakes on £900 e-bike claim?

Two weeks ago, our garage was broken into. They stole my mountain bike, worth £800, and my wife’s e-bike. It was worth £1,500, but she bought it as an ex-display for £900. We informed our insurance company, RSA, and were told we could make a claim on my bike but not on my wife’s e-bike … Read more

ASK TONY: Why did home insurer slam brakes on £900 e-bike claim?

Two weeks ago, our garage was broken into. They stole my mountain bike, worth £800, and my wife’s e-bike. It was worth £1,500, but she bought it as an ex-display for £900. We informed our insurance company, RSA, and were told we could make a claim on my bike but not on my wife’s e-bike … Read more

Ex-Aviva boss Mark Wilson to snap up motor insurer

Ex-Aviva boss Mark Wilson’s new company to snap up motor insurer Dayinsure By Ruth Sunderland for the Daily Mail Published: 21:50 GMT, 7 March 2021 | Updated: 21:50 GMT, 7 March 2021 Mark Wilson, the ex-Aviva boss turned fintech entrepreneur, is poised to announce the first multi-million-pound deal by his new company Abacai.  He has purchased … Read more

Boss of insurer Hiscox expresses regret over unpaid Covid claims

Boss of insurer Hiscox regrets ‘uncertainty and anguish’ of small firms over unpaid Covid claims By Daily Mail City & Finance Reporter Published: 22:12 GMT, 3 March 2021 | Updated: 22:12 GMT, 3 March 2021 Regret: Hiscox boss Bronek Masojada The boss of Hiscox regrets the ‘uncertainty and anguish’ of small businesses when the insurer refused … Read more

Only a fifth of motorists got a premium refund from their insurer

Only one in five drivers received any premium refund from their car insurer as a result of the coronavirus restrictions, new research has revealed. This is despite half of motorists drastically reducing their mileage because of lockdowns and a rise in people working from home, according to data from Which?. It found that 49 per … Read more

What does an insurer ‘buy out’ of a final salary pension scheme mean?

My final salary pension is being moved to an insurer – can I now invest my pot in a drawdown scheme? Steve Webb replies By Steve Webb for This Is Money Published: 07:42 BST, 5 October 2020 | Updated: 07:42 BST, 5 October 2020 I am in my early 60s and took my final salary … Read more

Why do I have to tell my insurer about subsidence from 10 years ago?

I had a minor case of cracking/subsidence at my small terraced home in North London about 10 years ago caused by a tree which has since been removed. It wasn’t a major job and involved material being injected into the brickwork. I have had no problems since. Because of the claim I pay an extortionate … Read more

Insurer launches ‘T-plate’ for young motorists with telematics policies

An insurance company is today launching the ‘T-plate’, a new concept designed to help young drivers with telematics feel safer on the roads. The plate, which will look similar to a learner’s ‘L’ plate or the ‘P’ plate that can be displayed by recently-qualified motorists, will indicate to other road users that the vehicle is … Read more

Has your travel insurer taken you for a ride?

Buying travel insurance never used to be a nightmare. Most holidaymakers would run a comparison site search and buy the first affordable policy.  But now the stakes are higher. Travellers stand to lose thousands of pounds if trips are scuppered by the pandemic.  Meanwhile, insurers are scrambling to keep up with the Government’s ever-changing advice … Read more