Blogs from December 2015
An entrepreneur from Liverpool has launched the UK's first 'hourly insurance app' with visions of taking the market by storm. The company, named Cuvva, is a start-up business started by Merseyside resident Freddy McNamara and Leo Kellgren-Parker from Scotland.
Cuvva was launched in October earlier this year and allows users to purchase full car insurance cover for as little as one hour. The company vision is to allow customers to be able to sort out temporary car insurance cov[...]
James Savery, 17 December 2015Read More...
Martin Bowling, an insurance worker who is addicted to the stimulant caffeine prominently found in energy drinks, has suffered a heart attack after drinking 8 cans of Red Bull in short succession.
The man who is 28 years old from Little Wakering, Essex was rushed into hospital earlier this year after collapsing in The Bull pub in Romford. After drinking 2 litres of the wing giving liquid, Mr Bowling has stated that "Energy drinks are death in a can".
He st[...]
Michael O'Hara, 11 December 2015Read More...
A UK insurer has released the world's first ever cyber bullying insurance policy to the public. These policies are supposed to cover the costs of any professional help you may seek as well as time off work (loss of earnings) and relocation for severe cases.
The firm responsible is Chubb Insurance. They say that their cyber bullying policy holders will be covered for up to £50,000 which will cover the cost of counselling, loss of earnings (if you are off work for more than a we[...]
James Savery, 09 December 2015Read More...
All insurers alike can agree that whiplash fraud is a serious problem and one that Axa is fully committed to tackling. Axa state the issues surrounding these problems are complex and require significant legislatory reform.
Today we share their robust approach to taking the fight to the fraudsters.
Axa's approach
Fraudulent claims for whiplash range from an exaggeration of the extent of any injuries to medical experts, all the way up to en[...]
Michael O'Hara, 04 December 2015Read More...
Zurich Insurance have been left with a catastrophe on their hands after their chief executive called it quits. The insurance firm have been in a frantic scramble to get a replacement after the news. Martin Senn had been at the head of the group for a total of six years. He decided to step down after Zurich's bid to take over the UK group RSA failed, putting them back in the general insurance market.
Zurich have been pushed into a defensive state after Senn's departure at a tim[...]
James Savery, 02 December 2015Read More...