Cheaper holidays with value caravan insurance

AA insurance has launched a 'value' insurance policy aimed at caravan owners looking to cut back on expenses during the recession. Caravan Essentials insurance provides stripped-down cover for caravans worth up to £10,000. It provides essential cover of up to £2 million for public liability, damage, or theft. Extras such as legal expenses or family cover can be added for an additional premium. AA's head ... http://financemarkets.co.uk/2009/02/25/cheaper-holidays-with-value-caravan-insurance/

Mobile phone convicts pay more for car insurance

Motorists who have been caught using their mobile phone whilst driving pay higher insurance premiums, research by AA Insurance has discovered. Increased premiums quadruple the cost of being caught, as the average premium increase is around four-times the cost of the standard fine. Meanwhile, drivers found guilty of dangerous driving whilst using a mobile find it difficult to find any insurance ... http://financemarkets.co.uk/2009/03/02/mobile-phone-convicts-pay-more-for-car-insurance/

Stricken AIG reveals fourth quarter loss of $62bn

US insurance company AIG has today announced a fourth quarter loss of $61.7 billion - the largest corporate loss in US history. The second largest quarterly loss of $54 billion was announced by Time Warner in 2002 following its merger with AOL. AIG’s loss is the equivalent of $678 million per day in the October to December period - or ... http://financemarkets.co.uk/2009/03/02/stricken-aig-reveals-fourth-quarter-loss-of-62bn/

UK drivers want handsfree mobiles banned

Seven in ten UK motorists think using a handsfree kit whilst driving is a distraction, according to insurance firm esure. A study by the car insurance provider found that 71% of drivers believe making or receiving a call on handsfree technology is a distraction. Whilst it is illegal to use a handheld mobile phone whilst driving, it is currently legal to speak-and-drive on ... http://financemarkets.co.uk/2009/03/03/uk-drivers-want-handsfree-mobiles-banned/

Anti-discrimination law could double insurance premiums

The AA has lashed out at government plans to make age and gender discrimination illegal on car insurance policies. Premiums could double for some drivers, the AA said, if the Equities Bill, due to be brought to parliament this spring, is extended to cover the sale of insurance. Age and gender are key factors that affect risk and are vital considerations for calculating ... http://financemarkets.co.uk/2009/03/04/anti-discrimination-law-could-double-insurance-premiums/

HCC Insurance acquires Surety Company of the Pacific

HCC Insurance Holdings has acquired Surety Company of the Pacific, following the receipt of approval by the California Department of Insurance... http://insurance-business-review.com/article_news.asp?guid=D0422553-447E-43AA-960B-4C2ACCC1EE21