How the offices of tomorrow can prepare for climate change August 22, 2019 Until relatively recently, climate change was spoken about as an abstraction. We knew it was a serious problem, but most people put it to the back of their minds. It felt too distant, too remote. We would agree on the need for “action”, nod sagely, then get back to our day jobs. That time has [...]
Rising charges: Customers pay up to £3,000 to make a car insurance claim August 19, 2019 Extra costs that come with making a car insurance claim have skyrocketed in recent years, according to research, with some drivers having to fork out up to £3,000 to claim money back after a fire or theft. Since 2012, the average extra charge of making a claim for fire, theft and accidental damage – known [...]
Admiral profits dented £33m by insurance regulation change August 14, 2019 Car insurer Admiral has taken a £33.3m hit to its profits following the introduction of changes to how compensation for those injured in accidents is calculated. The figures The government changed the Ogden rate, which governs how much insurers pay to people seriously injured in car accidents, in July. Admiral said the changes had cut [...]
Car crash: Hastings share price sinks as rate change hurts profit August 8, 2019 Insurer Hastings saw shares fall seven per cent this morning as profits were slashed nearly in half over the first six months of the year. Last month, the government changed the Ogden discount rate, which determines how much insurers have to pay out to people who have been injured in accidents, to a level which [...]
Don’t underestimate Boris Johnson, PM’s adviser tells Brussels July 29, 2019 Boris Johnson’s EU adviser has urged Brussels not to “underestimate” the new Prime Minister as he repeated the government’s pledge to leave the bloc on 31 October. David Frost, a former adviser to Johnson while he was foreign secretary, said many people were “inclined” to underestimate Johnson but that doing so would be a mistake. [...]
FCA tries to take consumers back to the nineties ahead of PPI deadline July 29, 2019 The animatronic head of Arnold Schwarzenegger and the eight-time world memory champion have been enlisted by the Financial Conduct Authority (FCA) to help consumers remember if they were mis-sold Payment Protection Insurance (PPI). With a month to go before the deadline for making PPI complaints to providers, the FCA has launched a campaign that aims [...]
Number of employees enjoying job perks falls to 12-year low July 22, 2019 Corporate cost cutting has pushed the number of people receiving major job perks to a 12-year low, according to research. The number of employees who receive taxable job perks such as company cars, private medical insurance and staff accommodation fell 3.6m last year. Read more: Google UK employees earned £226,000 on average last year The [...]
Insurers voice disappointment as UK changes personal injury discount rate July 15, 2019 The insurance sector blasted the government today as it revealed plans to change the discount rate used to determine insurance payments for serious injuries in accidents from minus 0.75 per cent to minus 0.25 per cent. Read more: More price hikes to come as car insurance premiums climb The Ministry of Justice revealed the change [...]
More price hikes to come as car insurance premiums climb 3.5 per cent July 15, 2019 Car insurance premiums look set to climb further, experts have warned, after a 3.5 per cent price hike last quarter. It comes as the third price rise in four quarters, meaning the average car insurance price hit £789, up £27. Read more: Half of motorists think charging loyal car insurance customers more should be illegal [...]
German stock market outlook 2019: is the economic upswing over? July 11, 2019 Concerns over the strength of the German economy are growing. A steady upswing of the eurozone’s powerhouse may be over. The weaker economic growth expected this year is considered “a wake-up call” for the government. Let’s find out what to expect from the German stock market news in light of gloomy official figures. Stormy times [...]