insurance
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Market Insight 18 JanCOVID-19 business interruption claims to be ‘settled quickly’ after court ruling
Thousands of business interruption (BI) insurance policy pay-outs contested by insurers who claimed that they did not include COVID-19 cover will be paid out following a ruling in the Supreme Court.
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Supplier News 7 OctCooke & Mason rebrand to PIB Insurance Brokers
Cooke & Mason has changed its name to PIB Insurance Brokers as part of a nationwide rebranding programme aiming to simplify the business offering.
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Market Insight 22 Sep
FCA identifies £3.7bn of consumer savings from car insurance reform plans
The Financial Conduct Authority (FCA) has identified £3.7 billion in potential car and home insurance sector reforms being considered as part of a new consultation.
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Digital Marketing 18 SepAuto Trader and CompareTheMarket launch Quick Quote
Auto Trader and price comparison website CompareTheMarket have launched a Quick Quote service offering car buyers rapid access to insurance for their new car purchase.
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Market Insight 17 Sep
High Court backs FCA’s COVID-19 business interruption insurance claim case
Insurers will have to pay out claims on business interruption insurance policies amounting to hundreds of millions of pounds after a High Court ruling this week.
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Latest News 4 AugThe AA attracts investors as it sets it sights on debt reduction
The AA has become a potential takeover target as it looks to raise funds to re-balance its books in light of a £2.65 billion debt.
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Market Insight 16 AprInsurance complaints fall in automotive sector, FCA shows
The number of complaints about motor vehicle insurance products fell 13% to 242,041 in the second half of 2019 from 277,363.
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Supplier News 15 Apr
Moneypenny and Inductus offer COVID-19 assistance to car retailers
Moneypenny and Inductus have joined the list of suppliers offering services for free in a bid to help car retail businesses cope better with the impact of COVID-19 cornoavirus.
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Opinion 7 FebConnected cars will trigger evolution of car ownership, guest opinion
The internet has changed the way we act as consumers with digitally delivered convenience becoming a game-changer in how we expect products and services to be supplied.
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Opinion 24 JanThe ground rules of GAP in an FCA-scrutinised market, a guest opinion
The Financial Conduct Authority (FCA) said, as part of its 2018/2019 Business Plan, it would strive to investigate the effectiveness and impact of its interventions into certain markets and industries.
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Manufacturer 9 DecNew Minis sold with 3 months’ insurance in Wrisk partnership
All new Minis will be sold with three months’ free insurance after BMW Group extended its partnership with fintech firm Wrisk to create a new Mini Flex Car Insurance product.
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Aftersales 21 NovInsurance add-ons understood by just one-in-five car buyers
Only one in five car buyers understand the extra cover they get from insurance add-ons, despite the average driver paying for two additional services.
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Car Dealer News 11 NovResilient South Yorkshire car retailers battle flood setbacks
Car retailers in South Yorkshire have shown resilience with a series of rapid clean-up operations after a month’s rainfall fell in just one day last week – triggering severe flooding throughout the region.
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Finance and insurance 30 SepInsurance add-on suppliers resilient in face of FCA attention
Leading insurance add-on companies aren’t blinking as the FCA takes increased interest
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Market Insight 21 Aug
Car ownership 'essential to everyday life', say 79% of motorists
The importance of the car for everyday mobility has been highlighted by a survey in which 79% of motorists claimed that owning a vehicle was “essential for everyday life”.
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Supplier News 11 JunVolvo Car UK extends Verex annual insurance contract
Volvo Car UK has awarded Verex a new, long-term contract for the provision of Volvo Car Insurance (VCI) dealer driveaway and annual insurance services.
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Latest News 3 May
Suspected hammer attack causes £25,000 damage to car dealer’s stock
A suspected hammer attack has caused an estimated £25,000 worth of damage to more than 30 vehicles on a used car retailer’s forecourt.
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Finance 23 AprFCA reports 5% drop in finance and insurance complaints in H2 2018
PPI continued to account for the vast majority of complaints received by the Financial Conduct Authority (FCA) as the overall number of consumers demanding redress declined by 5% in the second half of 2018.
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Market Insight 1 FebFCA opens consultation on General Insurance value measures data
The Financial Conduct Authority (FCA) has opened consultation on new rules which would require firms to publish General Insurance (GI) value measures data in a bid to improve transparency for consumers.
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Supplier News 12 NovCorrelation Investments Limited completes AutoProtect buy-out
AutoProtect’s founding management partners have sold a 50% interest in the business to their joint-venture partners Correlation Investments Limited (CIL).
