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  • Prudential counts the cost of failed AIA bid

    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
  • Road rage to blame for one in three fatal accidents

    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
  • No courtesy car on most car insurance

    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
  • Travel insurance rarely covers airline failure

    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
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