Insurance news

• Renewing your RAC cover? Don’t let them jack up the price

  10-06-2017 08:00
  
  If your policy renews automatically, chances are you could be paying way over the odds. We look at some alternativesThe RAC has been accused of trying to rip off a long-standing customer by demanding £205 for a basic breakdown recovery annual policy – then immediately offering to cut it to £120 when he rang up to complain.A new customer signing up to the RAC can buy what looks like the same cover for £100, so this would appear to illustrate the dangers of allowing a polic
  
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• Deposit-free renting sounds good – or could tenants lose out?

  10-06-2017 08:00
  
  New plans aim to ease the burden of having to find an average £967. But they come with a warningDeposits can be the bane of tenants’ lives. Not only do renters have to fork out hundreds of pounds in letting agent fees, but they usually have to stump up the equivalent of a month’s or six weeks’ rent as a deposit, too. However, several new ventures reckon they have found a way to rent properties without having to put down a deposit.According to the Deposit Protection Servic
  
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• UK insurers scent rich rewards from pet owners

  10-06-2017 05:03
  Premiums for cat and dog cover tick up along with advances in veterinary medicine
  
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• AmTrust sells NatGen shares to net $212mn

  10-06-2017 03:00
  AmTrust sold about 86 percent of its stake in sister company
  National General Holdings, a US personal lines insurer, as the
  embattled specialty carrier works to shore up its balance
  sheet.
  The sale of 10,586,000 common shares of NatGen - equivalent to a
  9.9 percent of the New York-based insurer's equity outstanding
  - brought in around $211.7mn from "unaffiliated third
  parties" through privately negotiated deals, AmTrust said
  early today. The company did not provide further details regarding
  the
  
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