insurers

Nearly half of major insurers have pulled travel insurance products from sale due to coronavirus

by

Nearly half of major insurers have pulled travel insurance products from sale because of the coronavirus crisis, says Which? The consumer champion contacted 75 insurance providers during its study 31 of the 75 insurers contacted have temporarily stopped sale of their policies  A further 13, including Axa and Staysure, have changed aspects of their policies  … Read more

Insurers are pulling income protection insurance in the wake of the coronavirus outbreak

by

Insurers are pulling income protection insurance due to the coronavirus outbreak – and some are looking for ways NOT to pay out if you get sick Insurers pull out of the income protection market as coronavirus spreads Those still offering it reportedly planning to introduce coronavirus exclusions  This means new policyholders won’t get a payout … Read more

Airlines, insurers and energy stocks have taken the heaviest beating from the coronavirus

by

Biggest stock market losers from coronavirus: Airlines, insurers and energy stocks take the heaviest beating with some losing two thirds of their value The share prices of insurance firms M&G, and Prudential have all fallen heavily Since the FTSE 100 peaked on 17 January at 7,675, it has plunged by over a third Travel firm … Read more

Doctors slam travel insurers for insisting customers seek GP ‘sick notes’ for coronavirus refunds

by

What is current Foreign Office advice regarding travel and coronavirus? The Foreign Office now advises against all but essential travel to 10 small towns in Lombardy and one in Veneto in Italy, which have been isolated by the Italian authorities. These towns are Codogno, Castiglione d’Adda, Casalpusterlengo, Fombio, Maleo, Somaglia, Bertonico, Terranova dei Passerini, Castelgerundo … Read more

Travel insurers should NOT ask customers to get GP letters to cancel holidays over coronavirus fears

by

What is current Foreign Office advice regarding travel and coronavirus? The Foreign Office now advises against all but essential travel to 10 small towns in Lombardy and one in Veneto in Italy, which have been isolated by the Italian authorities. These towns are Codogno, Castiglione d’Adda, Casalpusterlengo, Fombio, Maleo, Somaglia, Bertonico, Terranova dei Passerini, Castelgerundo … Read more

Flood victims homeless because insurers are quibbling over repairs 

by

Homeowners recovering from last year’s devastating floods are still fighting to secure insurance payouts while others are nowhere nearer moving back into their homes. As parts of Britain face record floods, Money Mail has spoken to families who are battling insurers up to four months after their homes were destroyed. Experts have criticised the ‘unhelpful … Read more

Insurers brace themselves for cost of Australian wildfire destruction 

by

Global reinsurance giants brace themselves for cost of Australian wildfire destruction  Lloyd’s of London said it is too early to put a number on the impact of the blazes    The blazes have burned through an area almost three times the size of Wales  Local news sources have reported that insurance claims could top £320million … Read more

Insurers are told to ban the practice of ‘dual pricing’

by

Consumer experts are calling for a ban on ‘dual pricing’ in the insurance market to end widespread discrimination against loyal customers. They call recent initiatives by a handful of insurance giants aimed at improving the lot of long-standing customers as ‘gimmicks’ that do not go far enough. Andrew Hagger, of financial consultancy MoneyComms, says: ‘Recent … Read more