UK firms overcharging loyal customers could soon face instant fines

Firms that exploit consumer loyalty by overcharging longstanding customers could soon face instant fines under plans unveiled by the government. The “loyalty penalty” is...

Safety inspectors halt work after insurers rein in cover

Some UK building safety inspectors have suspended operations after insurers backed away from providing professional indemnity cover to the construction market following the...

Compensation green light for customers of failed pension firms

Thousands of customers of two failed pension providers can now claim for losses after the Financial Services Compensation Scheme declared the firms in...

UK motor insurers face losses this year

The UK’s motor insurers are facing a sharp reversal of fortunes as falling prices and rising claims costs will force the industry into...

Insurer Just Group’s shares jump as chairman says all options open

Shares in Just Group have jumped by 15 per cent after its chairman Chris Gibson-Smith said that he wanted to increase shareholder value...

Sir Philip Green pleads poverty to his landlords and it's worked | Nils Pratley

Sir Philip Green did it: he successfully pleaded poverty from the deck of his large motor yacht, currently moored in Sanremo. The billionaire...

Bigger M&A deals mean more insurance claims, AIG finds

Bigger M&A deals tend to lead to more insurance claims, data from AIG showed on Wednesday. M&A insurance, also known as warranty and...

Saga chief Lance Batchelor to step down

Saga has announced that chief executive Lance Batchelor is to leave, following a turbulent few months for the group. The company, which specialises...

Allianz sends shockwaves through UK insurance market

In a single day last month, German insurer Allianz struck two deals that catapulted it into the ranks of the biggest UK providers...

Lloyd's of London insurer probes harassment claims

The London arm of one of Japan’s biggest insurance companies has launched an investigation following allegations of sexual harassment. Tokio Marine Kiln, part...