Latest Insurance News

Need To Know: Motor Premiums 'Set to Rise 10 Per Cent'

By NO BYLINE MOTORISTS are facing yet another rise in driving costs, with insurance premiums set to rise 10 per cent in the coming year. Insurers say they are paying out more in claims than they are receiving in premiums. The prediction of an increase comes from the car insurance internet search engine Confused.com. It said not all drivers would face increases and that some insurance companies would offer incentive deals to soften the blow of premium rises. Confused.com managing dir...

GBP300 Premium on Car Insurance

By MARTIN WILLIAMS INSURANCE companies are charging drivers up to GBP300 a year interest for paying premiums in instalments, research showed yesterday. Drivers who ease the pain of motor insurance premiums by using monthly direct debits pay up to 37.12per cent a year in interest, research by MoneyExpert. com, the price comparison website, shows. The average interest is 22.7per cent. On an average annual comprehensive policy of GBP806, the typical driver pays GBP182 for opting to pay mon...

AXA Close to Purchasing South Korean Insurer

French insurance provider AXA is rumored to be on the edge of securing a deal with Kyobo Life Insurance Company, to purchase a majority stake in the South Korean insurer's online auto insurance arm, according to sources including Reuters and Youhap News.The deal is expected to be worth $106 million and would position AXA to be the first foreign player in South Korea's auto insurance market, after its withdrawal from South Korea's life insurance market in 2001, reported Reuters. Reuters cited ...

Your MONEY: Drivers Warned of 10 Per Cent Insurance Rise ; CASHPOINT

By John Husband CAR insurance premiums are set to soar by 10 per cent, it was claimed yesterday. The warning, from insurance comparison website Confused.com, comes on top of the near six per cent rise logged by the AA's experts over the past nine months. Confused claims insurers are under pressure to raise premiums because of the rising cost of accident claims. It says they are costing insurers pounds 109 for every pounds 100 they collect in premiums. Several major insurers, notably N...

Idaho Senate Axes a Bill Allowing Lawyers to Serve Auto Insurance Cos. With Notification of Lawsuits

By Volkert, Lora The Senate Commerce and Human Resources Committee axed a bill that would have allowed attorneys to serve auto insurance companies with notification of their clients' lawsuits if defendants in the suits cannot be found. The insurers would have then served the lawsuit to their clients. Sen. Mike Burkett, D-Boise, said the bill would only apply to auto accident cases in which the prosecuting attorney cannot find the defendant. "We're talking about the difficult cases," he sa...

Insurance Hike

SOME car owners could face a 10 per cent hike in the cost of insurance premiums over the next year, according to car insurance search engine Confused.com Its managing director said: "Car insurance payouts have risen steadily over the last few years whilepremiums have remained relatively static, resulting in average claims payouts of pounds 109 for every pounds 100 generated in premiums." (c) 2007 Coventry Evening Telegraph. Provided by ProQuest Information and Learning. All rights Reserved.

Driving Refresher Course Set

ROCHESTER - A 55 Alive refresher course will be held from 12:30 to 4:30 p.m. Tuesday and Wednesday, March 13-14, at Rochester Public Library, 1 Community Drive. The library is hosting the event in conjunction with the AARP. The course consists of two, four-hour sessions on consecutive days and is for experienced drivers aged 50 and older. Fee is $10, with checks made payable to AARP. At completion, attendees may be eligible for a discount on their auto insurance. To register, call the...

New Campaign: Swiftcover.Com

By Anonymous Creative agency MWO Media agency Spark Online insurance firm Swiftcover is using one of the oldest jokes in the book to highlight its quick-quote promise. Continuing its use of chickens, which in previous ads represented the 'clucking' that takes place in call centres and leaves consumers on hold, the execution features two weary staff from Fowl Car Insurance taking a tea break. As the pair stand on the street, their lower halves clad in chicken costumes, they see a ful...

Saving Tip: Pay for Your Car Insurance Annually

By NO BYLINE DRIVERS should pay their car insurance premiums annually rather than monthly by direct debit. Analysis by price comparison website MoneyExpert.com found that paying monthly could cost motorists as much as GBP 182 a year extra. Insurers justify the extra charge by saying that, by allowing customers to spread payments over a year, they are giving customers a loan. (c) 2007 Scotsman, The. Provided by ProQuest Information and Learning. All rights Reserved.

Legal and General in Pounds 285m Nationwide Deal

LEGAL & General is to buy Nationwide's insurance and investment businesses in a deal that will also see the group sell its products through the society's high street advisers. L&G hopes to complete the takeover of Nationwide Life and Nationwide Unit Trust Managers in the summer for an as yet undetermined sum, although the businesses were valued at pounds 285m in March last year. The insurance giant will also distribute dual-branded life insurance, pensions and investment products through ...