News

Source Insurance Daily
Online car insurer swiftcover.com is branching out, and from 27th July will be offering a home insurance product it hopes will shake up the market. The insurer offers a quick and clear quote generator, with potential customers provided with quotes only on aspects they wish to be covered, enabling them to escape being charged for items [Read more...]

Source Insurance Daily
Insurers are currently exposing over 2,300 fraudulent claims every week, according to new data from the Association of British Insurers (ABI). The figure has risen from a weekly total of 2,000 dishonest claims in 2009, worth over £16 million. Last year, 122,000 fraudulent insurance claims were uncovered, up 14% on a year earlier. By value, 4% of all [Read more...]

Source Insurance Daily
Hidden keys, open windows, timid neighbours and Twitter all make life easy for burglars, according to research from MORE TH>N. The insurer has taken the unusual step of consulting with reformed criminals to identify ways in which homeowners make themselves vulnerable, and 68% of those questioned said they collected information about their target’s home and routine [Read more...]

Source Insurance Daily
Defaqto is promoting a number of ways in which to reduce the cost of home insurance without compromising on cover. The research firm’s analysis of 297 buildings and 298 contents policies revealed that 19% of policies give a discount for online purchases via the insurer’s website, while 85% discount premiums when buildings and contents cover are [Read more...]

Source Insurance Daily
Protect your bubble, which is an Assurant Direct brand, has launched a new iPhone policy and is claiming that the product costs less than half the price of iPhone insurance currently offered by some networks. At £5.99 a month, the policy includes worldwide cover for accidental damage (including water damage) and theft, plus mechanical breakdown [Read more...]

Source Insurance Daily
Fortis is claiming to be the UK’s first leading personal lines insurer to invest in a new suite of computer models that can predict the relative risk of claims for a number of insured perils across the country. The Perils Insight suite from Business Insight can give a detailed perspective on the distribution of risk relating [Read more...]

Source Insurance Daily
Fortis Insurance and American Express have announced a five-year strategic partnership to provide motor and household insurance products to American Express customer in the UK. For Fortis, the agreement follows on from a number of significant new affinity deals during 2009 and will further complement its multi-channel distribution strategy. The insurer’s UK managing director, Andy Watson, [Read more...]

Source Insurance Daily
A new study from Vantage Research and Researchcraft suggests that half of all home insurance buyers are struggling in the current economic climate, resulting in only one in three automatically renewing with their insurer. The majority of homeowners surveyed were open to the idea of switching provider, however, for many consumers specific aspects of service [Read more...]

Source Insurance Daily
Churchill has advice for football enthusiasts who are proposing to buy a new television set to watch the World Cup. According to the insurer’s research, 18% of households are planning on upgrading their TV for the spectacle, with 5% having already done so. However, indiscretion over the disposal of the packaging can provide potential burglars with a [Read more...]

Source Insurance Daily
Lloyds TSB Insurance has recently announced that it is waiving the excess on its Home Solutions policy for claims that involve criminal activity such as burglary, theft, malicious damage, riot or arson. The new benefit involves no extra cost and applies to all Home Solutions policyholders until 31st May 2011. Lloyds TSB Insurance spokeswoman, Paula Llewellyn, [Read more...]