Blogs from June 2015
TFL (Transport For London) have started an investigation into ride-sharing cab company Uber after a whistle-blower was able to get work with the firm after uploading a completely fake insurance document into their online system from an insurance company that doesn't even exist.
The whistle-blower was already a registered Uber driver when he made the discovery. The driver, who has not been named, uploaded an insurance document to Uber's online system from a company called Freec[...]
James Savery, 16 June 2015Read More...
A large number of people now own life insurance policies and a majority of consumers will just assume that their family will be protected if the worst happens. However, a number of problems can be discovered if these insurance policies are put under the microscope.
A lot of life insurance policies won't cover everything that you think they cover. A prime example is getting 'terminal illness cover' confused with 'critical illness cover'. These two terms sound familiar but they [...]
James Savery, 10 June 2015Read More...
Telematics are not 'new' in any case. They have been utilised in Formula One racing and fleet management for a number of years. Telematics work by combining the infomatics (when data is collected then processed) with telecommunications technology to transmit GPS and motion sensor data to a computer that is programmed to collect the data.
Insurance companies have been taking advantage of this telematics technology as a way to reduce accidents (because the driver is always monit[...]
James Savery, 04 June 2015Read More...
Cardiff-based insurance firm Composite Holdings have been acquired by AmTrust Europe, an insurance provider which is part of the US-based AmTrust Financial Services Group.
Composite Holdings have been bought for an undisclosed sum. Composite provide insurance services to their clients through two subsidiaries, Composite Assistance and Composite Legal Expenses. AmTrust previously [...]
James Savery, 02 June 2015Read More...