Insurers under fire for comparing the Government’s lockdown order to eating your ‘five a day’ By Lucy White For The Daily Mail Published: 21:50 BST, 20 July 2020 | Updated: 22:23 BST, 20 July 2020 A blockbuster legal battle against eight insurers kicked off yesterday over their refusal to pay out business interruption claims to … Read more
Car insurance claims plummet but insurers pocket the savings! As just a handful reimburse drivers, we reveal where costs have dropped most Car insurers have saved £1.3billion as fewer claims were paid during lockdown However most drivers have continued to pay their premiums as they did before Despite a few exceptions most motorists have not … Read more
There has been a rise in reports of fire incidents at households across the UK since lockdown began, new research has revealed. Multiple insurers have reported an increase in home insurance claims made by customers after fires started at their homes, with barbecues and bonfires proving to be the main cause of the problems. Aviva … Read more
Insurers face crackdown: Watchdog orders firms to ensure customers get value for money throughout pandemic By Daily Mail City & Finance Reporter Published: 21:51 BST, 3 June 2020 | Updated: 22:38 BST, 3 June 2020 Insurers may have to refund premiums or suspend monthly payments to make sure the price matches the service they provide Insurers … Read more
Thousands of small businesses fear they will go to the wall before the conclusion of a landmark legal battle over vital insurance payouts for Covid-19 closures, campaigners have warned. Sixteen insurers were this week named in a High Court action brought by the financial regulator over the refusal to provide payouts to desperate companies, in … Read more
Siân Williams-Jones initially thought her business was covered as her policy included a ‘notifiable disease’ clause Multiple insurers have began to pay out to businesses on policies they previously claimed didn’t cover coronavirus-forced closures, as the financial watchdog revealed those it will test them in court. There has been a series of disputes in recent months … Read more
Sixteen insurers face court battle accused of wriggling out of paying claims to lockdown-hit firms By Lucy White For The Daily Mail Published: 21:50 BST, 1 June 2020 | Updated: 22:11 BST, 1 June 2020 Sixteen insurers are facing a High Court battle with the City watchdog after being accused of wriggling out of paying … Read more
The insurance industry’s £1bn excuse: Firms are still refusing to pay out over Covid claiming policies were ‘never intended’ to cover pandemics Tens of thousands of of small and medium-sized companies face bankruptcy Their policies promise to provide protection from ‘human contagious disease’ Insurers’ association claims cover for pandemics is never included as standard By … Read more
Hundreds of thousands of workers face redundancy because insurance giants are refusing to pay out in a £1 billion ‘coronavirus cover con’. Tens of thousands of small and medium-sized businesses are at risk of bankruptcy because of the ‘disgraceful’ and ‘immoral’ attempt to wriggle out of releasing the vital funds. This is despite them having … Read more
Hard-pressed households set for lower bills as watchdog asks insurers to grant payment holidays and cut premiums Insurers asked to offer three month payment holidays from Monday next week They will also have to offer more suitable policies and waive fees attached Policyholders will have until the 18th of August to apply for a payment holiday … Read more