May 2007 UK Insurance News

• Millions of pounds wasted on convenient insurance policies [29.05.07]
  A recent report has indicated that Brits are wasting millions of pounds every year simply by failing to shop around for home insurance deals, and instead opting to take the insurance that is offered by their mortgage lender.
• Insurance companies may reject higher life claims [26.05.07]
  According to some financial experts insurance companies are more likely to reject a life insurance claim if the claim is for a large amount. The claims are made by financial services support threesixty.
• Life saving cancer drugs available through insurance policy [14.05.07]
  A new stand alone insurance policy has been launched by a leading insurer, and offers policyholders a lifetime benefit of fifty thousand pounds towards lifesaving cancer drug treatment for a nominal annual premium.
• Insurer reports drop in number of claims rejected [13.05.07]
  One of the UK's leading insurance companies, Standard Life, has reported a significant fall in the number of claims that are being rejected in relation to critical illness.
• Insurance firms providing poor sales quality through cold calls [09.05.07]
  The FSA is now warning insurance companies to improve their standards when making unsolicited calls to consumers, and to refrain from rushing consumers into making a decision.
• Look out for hidden vehicle insurance charges [08.05.07]
  Drivers in the UK are being urged to look at their vehicle insurance policies in order to determine whether there are hidden charges involved – charges that are designed to make the consumer shell out even more money and help the insurance companies cash in.
• A new type of buildings and content insurance cover [04.05.07]
  Consumers in the UK can start enjoying the benefits of a new type of insurance cover from a new home insurance provider.