Loans boss ‘to pay tax at source’
The head of the Student Loans Company will have tax and National Insurance payments deducted from his £182,000 pay package in future, ministers say.
Read More: BBC News – Politics
Ash claims finally given go-ahead
Some 300 travellers with insurance claims resulting from the ash cloud disruption in May 2010 will finally have their cases resolved.
Read More: BBC News – Your Money
PPI payouts ‘hit monthly record’
Some £379m was paid in compensation in November to people who were mis-sold payment protection insurance – the highest total of any month.
Read More: BBC News – Your Money
Insurers ‘undervalue car wrecks’
Complaints to an ombudsman about motor insurance rose by 29% last year – with key gripes including valuations of written-off vehicles.
Read More: BBC News – Your Money
Rising tide of premiums threatens 200,000 homes
Properties are at risk of becoming uninsurable, and unsellable, when a flood insurance agreement ends next year
Read More: FT – Insurance
Barbican launches fresh takeover bid for Omega
The backers of Barbican Insurance call on the rival group to begin talks to create a ‘merger of equals’ between the two Lloyd’s underwriters
Read More: FT – UK Companies
Jump in car insurance premiums
The cost of motor insurance has continued to shoot up, according to the latest figures from the AA.
Read More: BBC News – Your Money
Top tips for insuring artwork
Barry O’Neill, managing director at Home & Legacy, an insurance provider tells Money Matters his top tips for insuring artwork
Read More: FT – Insurance
Renewed surge in PPI complaints
A fresh surge in complaints about payment protection insurance drives up the total number of complaints going to the Financial Ombudsman Service.
Read More: BBC News – Your Money
Aon to relocate HQ to London
The world’s biggest insurance broker’s move provides a boost to London’s status as a global financial centre
Read More: FT – UK Companies
MPs attack rising whiplash claims
The cost of car insurance could be cut if the government restricted the huge number of subjective “whiplash” injury claims, a committee of MPs says.
Read More: BBC News – Your Money
Talbut to chair ABI’s investment committee
Royal London Asset Management chief investment officer appointed to leading insurance body role as Alain Dromer, chief executive of Aviva Investors, steps down
Read More: FT – UK Companies
NI scheme ‘total flop’ – Labour
The government’s national insurance holiday scheme is ‘a total flop’, argues the Labour party.
Read More: BBC News – Economy
A market-based plan to regulate banks
US finance houses should be charged for depositor insurance according to their risk levels, thereby sparing taxpayers the cost
Read More: FT – Markets
Call for new flood insurance deal
Tens of thousands of people who were flooded in 2007 may find it impossible to get cover for their homes and businesses unless the government and insurers reach a new agreement.
Read More: BBC News – Your Money
McGrath to retire from Prudential
The chairman of Prudential, who was heavily criticised for his role in the insurance group’s attempted $35bn takeover of AIA last year, is to stand aside from the board
Read More: FT – UK Companies
Record fine for Ace insurance unit
Penalty comes after putting customers at risk of unfair treatment because of failure to manage its sales and claims processes effectively
Read More: FT – UK Companies
Insurers hit at government over flood cover
The coalition was failing to heed the industry in deciding to focus on flood prevention rather than insurance subsidies , the ABI chief warned
Read More: FT – Politics
