insurance
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Aftersales 21 DecThatcham to investigate EV collision repair costs
Thatcham Research will lead a project focused on EV collision repair and salvage processes and their impact on insurance claims and associated costs.
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Latest News 2 DecFCA warns insurance providers not to undervalue cars
Insurance firms have been warned not to undervalue cars when settling insurance claims and are being “watched closely” by the Financial Conduct Authority (FCA).
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Finance 30 SepFCA acts to protect consumers from unnecessary insurance products and unfair penalties
The Financial Conduct Authority has written to insurance sector CEOs as part of a bid to protect consumers from “unnecessary products or add-ons and unfair penalties” during the cost-of-living crisis.
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Manufacturer 13 AugGenesis Motor UK partners with Verex Group to launch branded insurance
Verex Group has announced it will be providing branded insurance and accident management solutions for Genesis Motor UK.
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Car Dealer News 9 AugBMW driver arrested after collision with Porsche Centre Preston showroom
A 23-year-old man was arrested on suspicion of drink driving after colliding the BMW 2 Series he was driving into the front of Bowker Motor Group‘s Porsche Centre Preston car showroom.
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Finance 4 JunFCA takes action to boost competition in motor insurance
Insurers are in the Financial Conduct Authority's sights as it brings in new steps to stop consumers being penalised for loyalty to their motor insurers.
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Supplier News 3 Jun
Honcho services to be integrated into SilverBullet’s online sales platform
Honcho has partnered with SilverBullet to provide insurance services as part of the online car buying journey.
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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.
