All Household articles
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Latest NewsFour-month implementation period for FCA’s price walking remedies is a ‘joke’ – ABI
Despite potential implementation challenges, the trade association’s director general is ‘very hopeful’ that the proposed ‘road map’ with the FCA will solve the loyalty penalty ‘once and for all’
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News Analysis
L&G acquisition offers ‘really good opportunities for future growth’ says LV=GI boss
Plus, the FCA’s proposed changes around pricing will mark ‘a significant change event’ for personal lines insurers says LV=GI chief executive
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Latest News
Motor insurance premiums predicted to fall by up to 10% in 2021 – PWC
Home insurance premiums are also expected to decrease by 4% to 8%, says the professional services firm
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Latest News
Accidental damage accounts for 48% of all new claims – LV= General Insurance
The insurer links this claim trend to the increase in home working and schooling, with drinks being spilled on technology such as laptops
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Latest News
Building Safety Register reveals new manifesto
The Building Safety Register’s co-founder hopes the manifesto will provoke wider discussion over the implications of building safety for the insurance market, as well as highlight risk management measures
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News Analysis
Amazon’s Ring incidences expose cyber insurance inconsistencies and new IoT risks
Insurance Times explores the emerging risks from Internet of Things’ devices, as well as how it could be an opportunity for brokers and insurers
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News Analysis
Lockdown mitigates claims impact of Beast from the East II
Policyholders staying at home during lockdown are better able to combat potential escape of water claims resulting from the recent snowfall, but commercial clients may still be at risk following lockdown-induced business closures
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Latest News
Home insurers will benefit from pandemic claims trends in 2021 – Fitch Ratings
However, credit rating agency director believes ‘the pricing environment in the household sector’ will ‘remain weak’
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Latest News
Government launches consultation to amend Flood Re scheme
Under the proposals, claims payouts will include additional funds to help policyholders ‘build back better’ following flood damage
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Latest News
FCA fair pricing report will ‘reduce profitability’ for insurers – Fitch Ratings
Furthermore, the home insurance market will be more affected than motor insurance as around ‘80% of premiums comes from renewal business’
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Latest News
Household winter claims could top £3bn as extreme weather events rise – Policy Expert
The home insurer and insurtech is warning policyholders to make sure they have adequate insurance
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Latest News
Tesco Bank to underwrite its motor and home insurance book in-house
All policies currently underwritten by a panel partner will continue without change until the customer renews
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Latest News
FloodFlash pays Storm Christoph catastrophe claim in 9 hours 44 minutes
It means that policyholders can be paid their claim on the same day
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Latest News
Zurich warns of ‘double disaster’ as Storm Christoph batters England and Wales amid pandemic
Storm Christoph has raged through England and Wales, adding further strain on the UK as it battles the ongoing coronavirus pandemic. Some insurance industry experts, however, have stepped in to offer support, advice and a solution
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Latest News
MP urges FCA to investigate British Gas over fears home insurance customers won’t receive cover
Due to ongoing strike action by British Gas engineers, around 100,000 customers may not receive adequate home insurance
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Latest News
MoneySuperMarket reveals top burglary claims hotspots amid pandemic
Cities were found to have the highest claims for home contents theft
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IT Interview
Customer engagement set to be boosted by greater use of digital and AI, says Ageas claims director
With the Covid-19 pandemic accelerating both customer and staff comfort in using digital communications and processes, insurer and customer engagement is expected to go up a notch in 2021, predicts UK claims boss
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Latest News
Jeremy Clarkson hits out at insurers after facing £60k premium post-Grenfell
Clarkson admits that although he could afford these insurance premiums for his flat in London, it does not make it right
