British insurance giant Prudential has said the cost of its failed bid for AIA, the Asian arm of US company American International Group (AIG), is £377 million before tax relief. However, it is less than originally thought. Following the collapse of the deal, Pru said it faced costs of £450 million relating...
Posted to
Finance
on 08-12-2010
Filed under: All Financial News, Insurance News, Prudential, shareholders, Company News, bid, profits, cost, failed, AIA, snub
Over a third of fatal accidents on Britain’s roads are caused by road rage, according to new research.
The study by AXA insurance found 800 lives are lost every year through road accidents caused by angry drivers.
More than one in three (35%) serious road accidents involve at least one angry driver...
Posted to
Finance
on 08-04-2010
Filed under: All Financial News, Insurance News, car insurance, AXA, premiums, road rage
Nearly half of car insurance providers do not provide a courtesy car as standard, research by Defaqto found.
The study found 49% of car insurance policies would not provide a replacement car following an accident.
A further 28% only offer a replacement car if it was selected as an optional extra when...
Posted to
Finance
on 06-30-2010
Filed under: All Financial News, UK, research, Insurance News, car insurance, Defaqto, courtesy car
Only a quarter of travel insurance policies offer cover if the policy holder is stranded because their airline has gone bust, according to a new study.
The research by Defaqto found 77% of travel insurance policies do not cover airline failure.
Even insurers that cover airline failure may only offer...
Posted to
Finance
on 06-29-2010
Filed under: All Financial News, UK, research, Insurance News, travel insurance, Defaqto, airline failure