An insurance company is allowing young motorists to pay less for insurance if they avoid driving at night.
More Than is offering drivers between 18 and 25 40% off if they do not drive between 2300 and 0600. But it will charge 25 for breaking the “curfew”.
Car use is monitored by a device put into the […]
A private insurance company has announced India’s health cover for HIV-positive people.
Star Health and Allied Insurance Company, based in the southern city of Madras (Chennai), says the scheme will provide cover of up to $1,100.
Aids activists have hailed the move saying it will bring relief to HIV-positive people.
to UN-backed official estimates, India […]
The world’s largest insurer by market value is the target of a criminal investigation by the US Justice Department.
American (AIG) is accused of helping a banking client commit fraud and keep about $762m (522m) of bad loans off its balance sheet.
AIG says it did nothing wrong while analysts say the firm’s actions fall into […]
The world’s largest insurer by market value is the target of a criminal investigation by the US Justice Department.
American International (AIG) is accused of helping a banking client commit fraud and keep about $762m (522m) of bad loans off its balance sheet.
AIG says it did nothing wrong while analysts say the firm’s actions fall into […]
The City watchdog has asked insurers and brokers to inform on firms that they think are committing fraud.
The Services (FSA) is concerned about brokers failing to pass on premiums and falsifying customer details.
In addition, the FSA wants to be tipped-off when brokers issue bogus documents.
Since 2005 the FSA has acted against […]
People with payment protection insurance policies (PPI) will have unfair “nil refund” clauses removed from their contracts.
The Financial Services Authority (FSA) has struck a deal with the banking and insurance industry to remove these clauses from single premium policies.
PPI has been under intense criticism from the FSA and other authorities.
The insurance is supposed to pay […]
The cost of buying a personal pension will rise if a planned change to the rules governing pension sales is brought in at the end of the year.
The change, proposed by the Financial Services Authority, will relax the rules about what financial advisers have to tell customers when pensions are sold.
That is expected […]
The cost of buying a personal pension will rise if a planned change to the rules governing pension sales is brought in at the end of the year.
The change, proposed by the Financial Services Authority, will relax the rules about what financial advisers have to tell customers when pensions are sold.
That is expected […]
Zurich Financial Services has agreed to pay $153m (88m) to settle insurance bid-rigging charges by three US states.
The agreements with New York, Illinois and Connecticut bring to about $325m in such settlements it has made in the US.
Zurich was accused of conspiring with other insurers to fix prices for certain policies. It has apologised, but […]
Smaller financial advisers like Treorchy’s Lifestyle Financial Choices tend to be members of a network.
Commissions from insurance companies are paid to IFAs like Lifestyle through the network.
Lifestyle claims that the closure of network company Interlink has cost them 100,000.
David Westcott is a Director of Lifestyle Financial Choices.
Cash inflow to Lifestyle Financial Choices […]