Regulators fine Ireland’s FBD Insurance

An Irish insurance company has been fined nearly half a million euros by regulators, over their supposed failures regarding consumer protection failures. The Central Bank have reprimanded FBD Insurance, leading to them a 490,000 euro fine. The regulator found that the...

FCA to intervene in insurance add-ons market

Industry regulators are beginning to look into an insurance company practice, whereby companies attempt to sign up customers for ‘add-on’ products by placing pre-ticked boxes on forms. However, the industry has responded that this practise has been all but abandoned....

UK insurance rates falling

A risk management global insurance index taken by Marsh showed that Insurance rates in the UK have developed in line with Continental Europe and Asia-Pacific. UK insurance rates fell during the fourth quarter of last year.The US showed the only rise in overall rates....

Rip-off insurance phone lines set to be axed

As the cost to those affected by the recent storms continues to rise, there’s talk of stopping the premium-rate lines used by every eight in ten insurers. Many are disgusted by the amount of personal and financial struggle that is plaguing the homeowners who found...