What is there to complain about this week?
Just get on with it
The government is still dithering over fixing the flood insurance market in the UK, prompting ABI head of property insurance James Dalton to issue a hurry-up notice last week. Dalton said: “Insurers are determined to do everything possible to ensure that flood insurance remains as widely available to our flood-vulnerable communities. But this cannot be achieved without government help.”
Know your limits
Drivers that hike up their excesses to cut premiums should think twice, according to AXA Personal Lines. The insurer has found that 29% of drivers do not have enough savings to cover their excesses. Almost half the population (48%) has readily available savings of less than £500 and one-third (34%) has less than £200.
On the dole
Lloyds Banking Group is wielding the axe on 1,600 jobs roles, with seven coming from its general insurance division. The rest will come from group operations, wholesale and group executive divisions. Last year the bank announced that it was going to cut 15,000 jobs in total.