Keep up to date with the latest insurance and finance news in our weekly round-up…

 

One in three UK firms plan for Brexit relocation, IoD says

The Institute of Directors warned that 29% of firms in a survey of 1,200 members believed Brexit posed a significant risk to their operations in the UK.

Oddbins off-licence chain calls in administrators

Administrator Duff & Phelps (D&P) has been appointed to run the business while they attempt to find a buyer.

One in four households are uninsured

According to the ABI’s Home Insurance Premium Tracker the cost of home contents insurance now stands at a record low.

Italy falls into recession as quarterly GDP drops

Italy has become the first major European economy to face a technical recession in five years while Germany is expected to narrowly avoid recession.

FCA data shows rise in average home insurance payouts

The FCA has revealed that claims frequencies fell for home insurance in 2018 while average claims payouts increased.

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