[ad_1] Receive free UK insurance industry updates We’ll send you a myFT Daily Digest email rounding up the latest UK insurance industry news every morning. The cost of UK motor insurance has soared to an all-time high, according to a closely watched index, heaping extra pressure on households already confronting a cost of living crisis….
[ad_1] If your car or home insurance is due for renewal, prepare for a shock. Many insurers are applying double-digit price hikes to premiums, significantly outpacing inflation. Insurance Australia Group (IAG), the country’s biggest general insurer that includes the brands NRMA Insurance and SGIO, is raising motor premiums by 14%, and property premiums by 20%….
[ad_1] Last time I wrote about the fictional finances of a plastic doll, Barbie was 60 and consolidating 200 pension pots from her varied portfolio career since she first appeared in 1959. Now she’s 64 — though eternally youthful — and has a new movie out, she is old enough to worry about whether to…
[ad_1] When my family adopted our dog Hyko five years ago, we immediately took out pet insurance with ManyPets. They are highly rated, so I thought it was a safe, if expensive, option, at £530. We went for pricier “lifetime” insurance so he’d be covered for chronic conditions, not just one-off accidents or illnesses. This…
[ad_1] Keep abreast of significant corporate, financial and political developments around the world. Stay informed and spot emerging risks and opportunities with independent global reporting, expert commentary and analysis you can trust. Subscribe to unlock this article Try unlimited access Only $1 for 4 weeks Then $69 per month New customers only Cancel anytime during…
[ad_1] Concerns about insurance are stopping Australians from having life-saving genetic testing. Genetic screening can help prevent, diagnose and treat some conditions, however the life insurance industry is still allowed to ask for results when issuing some policies. The industry’s peak body introduced a moratorium in 2019 designed to stop discrimination but a new report…
[ad_1] Receive free UK insurance industry updates We’ll send you a myFT Daily Digest email rounding up the latest UK insurance industry news every morning. The UK is pressing ahead with plans to create a resolution regime to deal with the failure of big insurance companies, saying the “swift and decisive” action to rescue Silicon Valley…
[ad_1] Britain’s second-biggest car insurer, Direct Line, has been ordered to go back through five years of claims after admitting it had underpaid some customers who had their cars and vans written off. After an investigation into the car insurance market that began in December 2022, the Financial Conduct Authority (FCA), this week ordered Direct…
[ad_1] Receive free US insurance industry updates We’ll send you a myFT Daily Digest email rounding up the latest US insurance industry news every morning. Mayhem persists among the US’s property and casualty insurers. Auto-insurance businesses are still losing money. And a run of unusually destructive bad weather has brought additional losses for their property-insurance…
[ad_1] The largest home insurer in the US, State Farm, which is halting new homeowner policies in California due to the “rapidly growing catastrophe exposure” posed by wildfires, has hired lobbyists who also work to advance fossil fuel industry interests across 18 states, a new database shows. While State Farm in May refused to take…