Court fight between restaurant groups and insurers over business interruption payouts heats up By Daily Mail City & Finance Reporter Published: 21:50 BST, 21 April 2021 | Updated: 21:50 BST, 21 April 2021 Corbin & King, which owns The Wolseley, believes they should have been paid business interruption insurance during the lockdowns The fight between … Read more
How good is YOUR car insurance policy? Many won’t pay out for common incidents including lost keys or misfuelling Motorists could lose hundreds of pounds due to gaps in car insurance Only 54% of the policies analysed provide misfuelling cover as standard A further 46% don’t cover mobile phones if damaged or destroyed in your car … Read more
VICTORIA BISCHOFF: Shame on the regulator for allowing insurers to continue ripping off loyal customers By Victoria Bischoff for the Daily Mail Published: 22:00 GMT, 23 March 2021 | Updated: 22:00 GMT, 23 March 2021 For more than a decade, Money Mail has campaigned to stop insurers mercilessly ripping off loyal customers. This practice of … Read more
Insurers escape new rules preventing them overcharging loyal customers until next year By Fiona Parker For The Daily Mail Published: 22:00 GMT, 23 March 2021 | Updated: 22:00 GMT, 23 March 2021 Insurers told the Financial Conduct Authority they needed more time to adapt to new rules stopping them overcharging loyal customers Insurers won’t be … Read more
Insurers paid out £202m to support families who lost loved ones due to coronavirus in 2020 including a £250k payout made the day after a death Insurance firms paid out £553,000 every day to grieving families in 2020 11,198 claims were received under individual and group life insurance policies This included a £250,000 payout made the … Read more
Insurers will pay out £2.5bn for coronavirus claims from 2020 with majority linked to business interruption It is estimated that £2.5bn will be paid out in insurance claims from 2020 Some £2bn of that will go on business interruption claims alone Another £204m is thought to be paid for Covid-19 related protection insurance claims By Grace … Read more
Insurers will pay out £2.5bn for coronavirus claims from 2020 with majority linked to business interruption It is estimated that £2.5bn will be paid out in insurance claims from 2020 Some £2bn of that will go on business interruption claims alone Another £204m is thought to be paid for Covid-19 related protection insurance claims By Grace … Read more
Tens of thousands of small businesses are set for a £1.2billion windfall after the Supreme Court ordered insurers to pay out for losses from the first Covid lockdown. Cafes, pubs, beauty parlours, holiday firms and wedding planners are among the 370,000 firms that had policies which should now pay out. Former footballer Gary Neville, who … Read more
The small-print villains: Insurers risk losing what little trust people have left in them for good, says VICTORIA BISCHOFF By Victoria Bischoff for the Daily Mail Published: 22:00 GMT, 22 December 2020 | Updated: 22:24 GMT, 22 December 2020 Some firms have really gone above and beyond for their customers over the course of the … Read more
Insurers in the firing line over cancelled events: Firms refuse cover – and blame virus By Lucy White and Ben Wilkinson for the Daily Mail Published: 21:51 GMT, 9 December 2020 | Updated: 22:25 GMT, 9 December 2020 Tensions are brewing between the Government and the insurance industry as the coronavirus crisis threatens the future … Read more