Vehicle insurance broker charged over unfair treat... Hastings Insurance Services, which trades as Hastings Direct, has received a fine of £735,000 over claims that it treated many of its customers unfairly. Reports claim that the fine, which was imposed by the UK's financial regulator, the Financial Services Authority, would have been over £1 million but was reduced ...
PPI flaws result in fine for LV Flaws and problems relating to the sale of Payment Protection Insurance, or PPI, have resulted in Liverpool Victoria Banking Services receiving a hefty fine of £840,000 from the Financial Services Authority. The FSA said that there were serious failing in the way that the firm sold PPI, which has been ...
Poor result for AA in breakdown survey A recent survey involving a number of well known and lesser known breakdown recovery firms has suggested that one of the better known breakdown recovery firms, the AA, has performed fairly poorly compared to other in polls. Around 32,000 drivers were polled as part of the survey, and out of ...
Nearly all parking fine appeals are won by drivers According to a recent report nearly all parking fine appeals that are made are won by drivers in the UK. The report claims that around 94% of parking fine appeals are won by drivers, with drivers winning nine out of ten cases when the appeal against the fine. In a six ...
Aviva offers Norwich Union customers an average of... There is good news on the horizon for around one million Norwich Union customers, as the insurance giant Aviva, created from a merger of Norwich Union and CGU, is offering them a cash windfall of an average £1000. The news came after Aviva reported a rise of 12% in profits. ...
Motoring cheaper now than two decades ago A recent report has indicated that the cost of motoring is actually lower now than it was around twenty year ago. Officials claim that the cost of motoring has actually fallen by around 18% compared to twenty years ago, in 1988. This is despite the fact that petrol prices have ...
AA doesn?t make the grade in roadside rescue surve... Whilst the AA is considered by many people to be the number one roadside rescue company, possible because it is a longstanding company and enjoys plenty of exposure from advertising, the result of a recent survey showed that it didn’t even make the top four when it comes to roadside ...
Vehicle insurance fraud costing millions each week According to recently released figures motor insurance fraud is now costing around £5 million a week, with the number of fraudulent claims having risen by a massive 70% in the space of three years. Last year the insurance industry uncovered around 24,000 fraudulent claims that were valued at £260 million, ...
Watchdog may make changes to PPI prices and sales The Competition Commission has decided that it may make some changes to the pricing of Payment Protection Insurance as well as to the way that it is sold, after further evidence that PPI is still being mis-sold and consumers are being ripped off over the cost of PPI. PPI has ...
Mobile phone offenders could pay far more for thei... According to a recent report many motorists that are caught and convicted of using their mobile phones whilst driving their vehicle could face far higher premiums for their car insurance cover in the future, with some facing additional costs of up to £200 a year on the cost of their ...
