New insurance act ends previous duty to disclose
Receiving Royal Assent last year, and having being in force since April 6th of this year, the new Consumer Insurance (Disclosure and Representations) Act 2012 (CI(DR)A) will potentially be of benefit...
View ArticleInsurance giant Swinton fined £7.4m for mis selling insurance
One of the UK’s largest insurers, Swinton Group Plc, has been fined for an insurance scandal reminiscent of PPI and Libor rate fixing. The new Financial Conduct Authority (FCA, the successor to the now...
View ArticleLife insurance will cost 20% more for women
The reason for the more expensive life insurance for women is the EU Gender Directive. Since the implementation of this Directive in December 2012 women are paying nearly 20% more for life insurance....
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Elderly travellers suffer from ramped up premiums
Resent findings have shown how travel insurers are taking advantage of elderly travellers by assuming that they should pay a higher premium. Elderly people who go on holiday and who are in their late...
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