Insurance Fraud in UK Topped £1B in 2024, With Motor Scams Causing 53% of Claims November 26, 2025 By L.S. Howard Insurers in the UK detected £1.16 billion (US$1.5 billion) worth of fraudulent insurance claims in 2024 – a 2% increase...
Insurers Paid Nearly £200 Million in Cyber Claims for UK Businesses in 2024 November 14, 2025 By L.S. Howard Insurers paid £197 million (US$259.2 million) in cyber claims in 2024 for UK businesses – a 230% increase, or £138...
Insurers Pay Record Claims for Weather-Related Damage in UK: ABI February 11, 2025 Insurers paid out a record £585 million (US$724.7 million) for weather-related damage to people’s homes and possessions in 2024 in...
British Insurers Propose Green Infrastructure Funding Model July 23, 2024 By Huw Jones Britain’s insurers set out plans on Monday on how to channel billions of pounds freed up from their safety buffers...
Travel Insurance ‘Will Likely’ Cover Injuries Sustained in Singapore Airlines Incident: ABI May 23, 2024 Travel insurance policies “will likely” cover injuries sustained by aircraft turbulence, but policies may vary, the Association Of British Insurers...
UK Motor Premiums Start to Stabilize but Costs to Insurers Mount: ABI April 29, 2024 Motor premiums increased by just 1% in the first quarter of 2024, indicating an easing of the price rises seen...
Britain’s Insurers Under Pressure Over Spike in Car Insurance Premiums April 18, 2024 By Huw Jones The rising cost of car insurance has triggered a barrage of complaints in the cost of living crisis, Britain’s financial...
UK Home, Business Property Insurance Payouts Hit $6B in 2023 April 15, 2024 By Carolyn Cohn Britain’s homes and businesses received 4.86 billion pounds ($6.07 billion) in property insurance payouts in 2023, up 18% from a...
Banks, Insurers Ordered to Report Sexism and Bullying Cases in Britain February 15, 2024 By Kirstin Ridley and Carolyn Cohn Britain’s markets watchdog has ordered more than 1,000 banks, insurers and brokerages to report how many sexual harassment, discrimination and...
Financial Services Firms Acknowledge ‘Awful’ Culture in UK Sexism Inquiry November 16, 2023 By Olivia Konotey-Ahulu Representatives from finance firms across the City of London said more work was needed to tackle gaping gender disparities in...