Dr Anthony McGrath, 48, (pictured in an undated photo) has been ordered to pay back £564,518 by a judge or face another five years being added to his sentence A debt-ridden orthopaedic surgeon who masterminded a massive insurance scam and mortgage fraud has been given a three month deadline to pay back over half a million … Read more
The average cost of insurance for older cars fell £87 in 2020 as more drivers kept their existing cars rather than upgrading to a new model, new research has revealed. Cars often become more expensive to insure as they get older, however, the pandemic has caused a decline in premiums which has offset the usual … Read more
Insurance industry on the hook for millions over grounded Suez Canal cargo ship By Mark Shapland For The Daily Mail Published: 21:50 GMT, 25 March 2021 | Updated: 22:33 GMT, 25 March 2021 The insurance industry faces a mammoth bill after a giant cargo ship continued to block the vital Suez Canal. The 1,312 ft … Read more
Making elaborate modifications to your car could increase your insurance premiums by around £2,500, new research has revealed. The modification that sets drivers back the most is the addition of a nitrous oxide kit. With the high-performance modification – famed for its appearances in the Fast & Furious film franchise – installed, it can increase … Read more
The RAC is launching a new, flexible monthly subscription-based car insurance product aimed at saving money for motorists who cover fewer than 6,000 miles a year. Drivers are covering 20 per cent fewer miles than two decades ago, with this trend likely to continue following the coronavirus, meaning pay per mile policies are likely to … Read more
Drivers are being quoted cheaper car insurance premiums for the first time in years. But motorists could still pay hundreds over the odds if they accept their new price without shopping around, experts warn. Insurers have long had a reputation for pushing up prices at renewal, with the so-called ‘loyalty penalty’ costing policyholders £1.2 billion … Read more
The loyalty penalty could add £100 to YOUR car insurance costs: Two in five drivers auto-renewed last year and are likely to be overpaying for cover Drivers who auto renew paid a total of £720m in 2020 on their car insurance This is a 7% increase from 2019 when it came to a total of … Read more
Home insurance claims involving hot tubs almost tripled during 2020, new research has revealed. There was an annual increase of 188 per cent in relation to accidental damage claims for hot tubs in 2020, according to data from Aviva. The high ticket items surged in popularity last year as Britons were trapped in their homes … Read more
Settled car insurance claims fell a fifth last year due to fewer vehicles on the road – with the cost of cover remaining at four year low New figures have revealed car insurance claims fell by 19% to 2.1m in 2020 Total payouts also came down by 6% to £8.3bn The reduction is due to … Read more
A California father-of-three was sentenced on Thursday to 212 years in federal prison for intentionally driving his ex-wife and two autistic sons off of a wharf, and drowning the children to collect on accidental death insurance policies he had taken out on them. In imposing the maximum sentence on 45-year-old Ali Elmezayen, US District Judge … Read more