Keep up with what’s been happening this week in our latest insurance news round-up…
Doherty, whose Malibu home was damaged by smoke from the 2018 Woolsey fire has called her fight with her home’s insurer, State Farm
“one of the most horrific processes I have ever been through”.
According to the Financial Conduct Authority (FCA), 0.7 per cent 14.1 million consumers who have pre-existing medical conditions are declined cover. New rules from the FCA will ensure that insurance companies will direct travellers with pre-existing medical conditions to a list of companies that can help.
Zurich UK has reported a 4% increase in GWP across its general insurance portfolio to £2,480m by December 2019 from £2,386m at the end of 2018. They have also confirmed their focus on escape of water and fire risks for 2020.
Citizens Advice has found in a new study that policyholders with the same insurer for six years are charged nearly twice as much (average annual amount £325) compared to new customers (average annual amount £172).
Allianz Partners UK has teamed up with specialist cycle insurance firm, Yellow Jersey, which already shares a specialist sports travel scheme, in an exciting new partnership to enter the bicycle insurance market scheme.