Live Insurance News

Insurance news made as animal activists hack insurer and steal financial data

June 14, 2013June 12, 2013 Julie Campbell

In another effort to protest the badger culls in the U.K., a group has claimed to have accomplished a cyberattack. The latest insurance news is surrounding an unlikely event which came about when animal rights activists announced their claim that they have been able to hack into the systems of an insurer that is linked to the National Farmers Union (NFU) so that they could steal the financial data of supporters of the badger culls. The activists say that they were able to break into the NFU Mutual systems and…

Insurance news from Barclay’s scandal increases total to $4.1 billion

February 8, 2013April 30, 2013

The mis-selling scam from the bank has experienced yet another massive charge. Barclays Bank PLC is making insurance news yet again with another massive mis-selling charge, adding to a long list of others that have been reported by Insurance News Report over the last few months. The British bank is continually hounded by new discoveries of scandalous selling practices. Authorities in the United Kingdom have been investigating the fundraising that the bank has received from Qatar during the worst of the crisis in 2008. The investigations have been ongoing since…

Insurance news from Itochu shows expansion of Lloyd’s of London within U.K Alliance

January 8, 2013April 30, 2013

Lloyd’s insurance claims - Home office building

New partnership between Japanese and British companies works to broaden the industry. Itochu Corp, a company that has set its sights on becoming the most profitable trading house in Japan aside from the mineral resources industry, has announced the latest insurance news of a new alliance with Antares Managing Agency Ltd. from the United Kingdom, in order to broaden the insurance industry. The alliance represents a number of important firsts within the industry in Japan. The partnership with Antares, which is based in London, with Itochu, will represent the first…

Life insurance business shut down, cutting 139 jobs

November 24, 2012November 22, 2012 H. Cutner

Scotland’s largest insurer will be eliminating its U.K. unit as it moves away from the sector. Standard Life Plc, the biggest insurer in Scotland, will be leaving the life insurance industry, leaving 139 people from its United Kingdom unit out of a job. The majority of the positions will be lost in Scotland, within several different divisions. Standard Life insurance jobs will be lost in the marketing and advising divisions, as well as in information technology, according to a statement from the company. The insurer has said that it has…

Insurance news in the E.U. shows consumers preparing for G-Day

November 21, 2012November 20, 2012 Julie Campbell

Starting in December, the massive upheaval in premiums will kick in as gender is no longer a coverage factor. The insurance news that will rock the European Union next month will explode as policyholders open their bills and discover that the premiums that they had previously been quoted will experience a notable difference. A European Court of Justice ruling has said that gender cannot be used to calculate premiums. This means that insurers will no longer be able to take into account whether a customer is a man or woman…

Auto insurance company cuts Martin Clunes from its campaigns

November 20, 2012November 19, 2012 Julie Campbell

The actor, known for “Men Behaving Badly”, was dropped after being banned from driving. Martin Clunes has been dropped from the campaigns of Churchill auto insurance following a court decision that has banned him from being allowed to drive. The actor has been seen in the insurer’s ads since December 2011. The commercials, that featured Clunes next to a nodding dog, will no longer include the actor from Men Behaving Badly. This makes him only the most recent celebrity to have been dropped by the auto insurance company. The voice…

Insurance news from London has insurers under fire due to riots compensation

November 3, 2012April 30, 2013

Many policyholders have faced significant delays in receiving their payments. In August of 2011, businesses throughout London were faced with significant damage due to massive rioting throughout the city, and the latest insurance news has shown that many have not yet been compensated by their insurers. It is estimated that one third of the businesses hadn’t received anything four months after making a claim. One out of every three claims made by businesses following the rioting have made insurance news because they hadn’t received a single penny to help to…