Blogs from March 2015
The Financial Conduct Authority (FCA) has finally announced their plans to ban the selling of 'opt-out' insurance policies this week after the results of a market study that took place in 2014. Some of you may be wondering what exactly opt-out selling is? Opt-out selling is when a consumer is automatically signed up to an insurance policy by default when they purchase the original product they were looking for. For example, the insurer may pre-tick one or more boxes on the original form and a lo[...]
James Savery, 25 March 2015Read More...
A campaign started by the Association of British Insurers (ABI) has cried out for an additional investment of £1 billion per year in order to keep up with climate change and the ever-increasing risk of flooding.
George Osborne, Chancellor of the Exchequer, has been encouraged to invest £1 billion per year in flood defences in this year's budget. The ABI has launched a campaign called 'The Flood Free Homes Campaign', urging Mr Osborne to increase spending in order to keep up wi[...]
James Savery, 20 March 2015Read More...
Should the government and our insurers be forced to share their anonymous telematics data in order to improve safety on our roads? A report from the House of Commons' transport committee states that a better, more efficient use of this data collected from drivers will help improve road safety across the United Kingdom.
The committee released a report called 'The Future of Motor', published last week. The report said: "The growing amount of data being collected via the in-vehic[...]
James Savery, 09 March 2015Read More...