Archive for the ‘Insurance’ Category

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Gender insurance directive: the battle of the sexes gets costly

Gender insurance directive: the battle of the sexes gets costly
Gender discrimination is a horrible thing. Men who hold open doors for you, offer to pay for dinner and carry your bags, might be what most women want, but we also wish for equality. We should be more careful about what we wish for. Who would have thought that gender discrimination might actually be working in our ...
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Consumer PPI victories decline

Consumer PPI victories decline
The number of payment protection insurance (PPI) complaints being resolved in favour of consumers has fallen sharply, according to the latest figures from the Financial Ombudsman Service (FOS). While complaints about mis-sold PPI policies rose to 30,301 in the last three months of 2011, an increase of 57%, just seven out of ten cases were ...
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MPs call for action on whiplash claims and referral fees

MPs call for action on whiplash claims and referral fees
Car insurance premiums could be radically reduced if the government took action to reduce spurious whiplash claims and personal injury referral fees, according to an influential panel of MPs. The Transport Select Committee said insurers should be forced to demand more proof that claimants has suffered a whiplash injury in a car accident and not be ...
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Storm claims could cause insurance premiums to rise

Storm claims could cause insurance premiums to rise
Consumers could face a hike in the cost of home and motor insurance in the wake of the recent storms that battered the country. Insurers have reported a sharp increase in the number of claims made over the past few weeks as a consequence of the gale force winds that caused devastating damage to homes and ...
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OFT launch car insurance probe

OFT launch car insurance probe
The Office of Fair Trading (OFT) has launched an investigation into the spiralling cost of car insurance. The launch of the trade watchdog’s probe comes in response to premiums rising by 21% over the past two years. OFT researchers found that prices rose by 12% between 2009 and 2010 alone, with a further 9% in the ...
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Marriage could lower your car insurance premiums

Marriage could lower your car insurance premiums
Divorced and single drivers are paying up to a quarter more for their car insurance than cohabiting or married motorists, according to a new study by Which?. The consumer group found that eight out of 12 of the major insurance providers it surveyed as part of the test charged more to drivers who were not part ...
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Sharp increase in complaints about financial products

Sharp increase in complaints about financial products
Consumer complaints to the Financial Ombudsman Service (FOS) rose sharply in the three months to the end of September, according to figures published today. Complaints about financial products excluding payment protection insurance (PPI) rose by 24% in the third quarter of the year, taking the total number of complaints for this period to 31,386, compared to ...
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British families packed like sardines in a crushed tin box

British families packed like sardines in a crushed tin box
Millions of British families are crammed into accommodation that is too small for them, according to a new study by LV. The insurer said that one in eight UK children now live in an overcrowded home after the average household lost some 11 sq ft of living space over the past three years. Thousands of ...
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Child poverty to rise, says IFS

Child poverty to rise, says IFS
Changes to the tax and benefits systems introduced by the coalition government will leave nearly a quarter of children in absolute poverty by the end of the decade, according to a new report from the Institute for Fiscal Studies (IFS). The thinktank forecasts that levels of absolute poverty will rise by about 600,000 children and 800,000 ...
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Seven out of 10 over-55s think care should be free

Seven out of 10 over-55s think care should be free
Over-55s who face potential care bills of £35,000 a year do not believe they should have to cover the cost of staying in a retirement home themselves, according to a report from Aviva. The insurance firm’s Real Retirement Report found that some 70% of the over-55s surveyed said they should not have to pay for care ...
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