Insurance news uk

Here are some recent insurance news stories from the UK:

  1. Insurance premiums to rise by 10% in 2023: According to a report by the Association of British Insurers (ABI), insurance premiums are expected to increase by 10% in 2023 due to rising costs and inflation. (Source: The Telegraph)
  2. UK insurance industry faces £1.4bn claims bill from Storm Arwen: The UK insurance industry is facing a £1.4 billion claims bill from Storm Arwen, which caused widespread damage and disruption across the country in November 2021. (Source: Insurance Times)
  3. New motor insurance rules to reduce premiums: The UK government has introduced new motor insurance rules aimed at reducing premiums for drivers. The changes include a ban on using credit scores to set premiums and a requirement for insurers to offer a minimum level of cover. (Source: The Guardian)
  4. Insurance companies to pay out £1.2bn in flood claims: Insurance companies are expected to pay out £1.2 billion in flood claims following the recent flooding in parts of the UK. (Source: BBC News)
  5. UK insurance industry warns of cyber attack risks: The UK insurance industry is warning of the risks of cyber attacks, which could result in significant financial losses and damage to reputation. (Source: Insurance Post)
  6. New insurance product to help small businesses recover from COVID-19: A new insurance product has been launched to help small businesses recover from the impact of COVID-19. The product, called "Business Interruption Insurance", provides cover for businesses that have been forced to close due to government restrictions. (Source: The Times)
  7. Insurance companies to offer more flexible policies: Insurance companies are offering more flexible policies to help customers manage their premiums and cover. This includes the option to pay premiums in installments and to increase or decrease cover levels. (Source: MoneySavingExpert)
  8. UK insurance industry faces £500m claims bill from COVID-19: The UK insurance industry is facing a £500m claims bill from COVID-19, with many businesses and individuals making claims for business interruption and travel disruption. (Source: The Financial Times)
  9. New insurance product to help homeowners with subsidence claims: A new insurance product has been launched to help homeowners with subsidence claims. The product, called "Subsidence Insurance", provides cover for homes that are at risk of subsidence due to poor ground conditions. (Source: The Daily Mail)
  10. Insurance companies to offer more personalized policies: Insurance companies are offering more personalized policies to help customers get the right level of cover for their needs. This includes the use of data and analytics to tailor policies to individual customers. (Source: The Financial Times)

These are just a few examples of recent insurance news stories from the UK. If you're looking for more information, I'd be happy to help!