Aviva CEO Warns Iran Conflict Could Spike Claims Costs
Aviva's chief executive Amanda Blanc cautions that prolonged Middle East tensions could disrupt supply chains, driving up vehicle repair costs, echoing post-Ukraine invasion inflation.
Category : Insurance
Aviva Operating Profit Jumps 25%, Dividend Rises
Insurance giant Aviva PLC has announced a 25% increase in operating profit to £2.2 billion for 2025, along with a 10% dividend rise and a new £350 million share buyback.
Widow Files Lawsuit Over Husband's Death in UPS Plane Crash
Donna Diamond recounts the heartbreaking moment she learned her pilot husband died in a UPS cargo plane crash in Kentucky, as she files a negligence lawsuit against Boeing and others.
Insurance Industry Must Build Trust, ABI Chief Tells MPs
ABI director general Hannah Gurga told the Treasury Committee that insurers need to improve transparency and diversity to gain public trust, while banking leaders discussed financial inclusion strategies.
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Motor Finance Redress Scheme Delays Compensation Payouts
The Financial Conduct Authority plans to give lenders up to five months to prepare for a motor finance redress scheme, delaying compensation for millions of mis-sold car loans.
Martin Lewis Warns Against Auto-Renewing Car Insurance in March
Money Saving Expert Martin Lewis alerts drivers to avoid auto-renewing car insurance this month, as average costs have dropped 11% year-on-year. A follower saved over £300 using MSE's free comparison tool.
FCA Finalises £11bn Motor Finance Redress Scheme for Car Loans
Millions of Britons mis-sold car loans may receive compensation this year as the FCA prepares to finalise rules for an £11bn redress scheme, with lenders facing significant costs.
Insurance Regulator Warns Travellers Over Middle East Conflict
The Financial Conduct Authority has issued guidance for travellers affected by Middle East conflict, urging them to check insurance policies as many exclude war-related disruptions.
Millions of UK Drivers to Get Motor Finance Compensation in 2026
The Financial Conduct Authority is finalising rules for a redress scheme that could see millions of Britons compensated for mis-sold car loans, with payouts potentially reaching £11 billion.
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Millions to Get Motor Finance Compensation in 2026
The FCA plans final rules this month for a redress scheme that could see millions compensated for mis-sold car loans, with lenders given up to five months to pay out.
Three Items American Retirees Must Remove From Wills
Estate planning experts reveal three common but risky inclusions in wills that retirees should eliminate to avoid identity theft, family conflict, and costly legal challenges.
Free Wills Month: Over-55s Can Save Hundreds on Documents
Martin Lewis urges couples to act quickly as Free Wills Month offers free will preparation for over-55s until March 31st, saving hundreds compared to typical costs.
Insurers Cancel War Cover as Iran Conflict Disrupts Gulf Shipping
Leading maritime insurers have withdrawn war risk cover in the Gulf, forcing at least 150 vessels to anchor and reroute, causing freight costs to surge amid escalating conflict.
Zurich Buys Beazley for £8.1bn, Creating UK-Based Insurance Leader
Swiss insurance giant Zurich has finalised a £8.1 billion acquisition of London-listed rival Beazley, forming a global specialist insurance leader headquartered in the UK.
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Travel Insurance Coverage for UAE Travel Chaos Explained
Amid Middle East travel disruptions, learn what travel insurance covers for delays, cancellations, and war exclusions. Expert advice on claims and airline rights.
Martin Lewis' Urgent Travel Insurance Advice for Holiday Bookings
MoneySavingExpert Martin Lewis urges travellers to buy insurance 'ASAB' - as soon as possible after booking - to cover pre-trip problems like illness or redundancy.
Nationwide Members Get Travel Insurance Alert from BBC Expert
BBC travel expert Rebecca Wilcox advises Nationwide customers to check their bank accounts for existing travel insurance coverage, potentially saving money on summer trips.
Tess Holliday Denied Life Insurance Over Weight
Plus-size model Tess Holliday reveals she was declared ineligible for life insurance due to her weight, despite being a non-smoker with no health issues.
Insurance Climate Crisis Traps Mortgage Prisoners
The insurance industry's reaction to climate change is creating mortgage prisoners, as rising premiums and stricter policies leave homeowners unable to sell or refinance properties in high-risk areas.
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Pet Insurance Outpaces Personal Coverage Among UK Workers
New research reveals one in three UK workers insure their pets, while fewer protect themselves with life, critical illness, or income protection policies. Experts warn this creates a significant financial vulnerability.
New Gambling Trend Lures UK Youth with Airstrike Bets
Prediction markets allowing bets on political events and tragedies are expanding to the UK, raising addiction concerns as they attract young male users through cryptocurrency and sensational topics.
AA's High Premiums and Auto-Renewal Woes Spark Backlash
Readers share stories of excessive AA breakdown cover costs and auto-renewal frustrations, highlighting industry practices that ignore regulatory rules and consumer loyalty.
UK Sanctions NZ Insurer Over Russian Oil Shadow Fleet
The UK government has sanctioned Maritime Mutual, a New Zealand-based marine insurer, for its role in facilitating Russian oil trade through the shadow fleet network.
BBC Expert Warns of £34,000 Pension Scams
Finance expert Laura Pomfret issues a stark warning on BBC Morning Live, revealing that pension scams cost victims an average of £34,000, with daily losses hitting £48,000. She highlights key phrases and methods used by fraudsters.
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Smiths News Faces Pension Claim Over Tuffnells Collapse
The Pensions Regulator is considering a financial support direction against Smiths News for the underfunded Tuffnells pension scheme, potentially seeking £3.5 million.
Nationwide Customers May Save on Holiday Insurance via Bank
Nationwide FlexPlus account holders might already have travel insurance coverage, potentially saving money on holiday bookings. Experts advise checking bank benefits before purchasing separate policies.
MSE Warning: Pet Insurance Switch Risks for Owners
Money Saving Expert, founded by Martin Lewis, cautions pet owners that switching insurance providers could leave pre-existing conditions uncovered, despite potential savings.
Avoid 5 Pension Mistakes to Gain £37,000 in Retirement Savings
Consumer group Which? reveals that adding just £39 monthly can increase your pension by £37,000. Learn how to avoid common errors like delaying planning and losing old pots.
Martin Lewis Warns Against Fake Grant Cold Calls Using His Name
Money Saving Expert founder Martin Lewis has issued a stark warning about fraudsters cold-calling households, falsely claiming he endorses renewable energy grants. He urges the public to 'politely disengage' and never trust such calls.
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Romance Scam Turns Victims into Insurance Fraud Accomplices
A new twist on romance fraud sees scammers manipulating dating app users into staging car crashes and filing bogus insurance claims, exploiting identities rather than savings.
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