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The Latest Breaking News from ABI

Why has car insurance gone up? Londoners now pay more than £1,600

The average car insurance cost in the UK is at its highest ever recorded

Evening Standard

Record £2.4bn in motor claims paid in first quarter of 2023, say insurers

The total value of motor claims payments recorded by the Association of British Insurers was up by 14%, compared with the first quarter of 2022.

The Independent UK

Average price of home insurance rises to more than £310 during first part of this year

Home insurers paid out £2.5 billion to help customers cope with unexpected events in 2022.

Daily Record

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6% annual increase in average price paid for home insurance

The average price of combined home buildings and contents insurance has increased at a below-inflation rate over the past year, the ABI said.

The Independent UK

Average price of car insurance up 16% in first quarter of this year

Energy charges, paint prices and courtesy car costs are among the outgoings which are pushing up the cost of repairs

Wales Online

Average price paid for motor insurance has jumped by 16% in a year – ABI

Rising costs are becoming increasingly challenging for insurers to absorb, the Association of British Insurers said.

The Independent UK

How 'digital twins' will revolutionise health

The concept for engineering systems has been around for years, and the same principles can be applied to human health, explains Distinguished Prof Peter Hunter

Newsroom.co.nz

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Why your car insurance may be more expensive

Motorists are being hit by rising car insurance renewals, but there are ways to swerve the price hikes.

The Week

Wetherspoons legal action aims to stop brewery pulling Stella and Budweiser from its pubs

Pints of Budweiser and Stella could be pulled from more than 800 pubs if the brewery behind them decides to end its contract over a dispute with Wetherspoons

Wales Online

Long call waiting times 'are top frustration' when dealing with organisations

Automated phone systems and unhelpful staff are the next biggest irritations

Wales Online

Hanging on the telephone: Long call waiting times ‘are top frustration’

Automated phone options, unhelpful staff and hard-to-understand terms and conditions are also among people’s biggest gripes, according to a survey.

The Independent UK

Average price paid for home insurance ‘at lowest levels in at least a decade’

A rise in subsidence and frozen pipe claims and the growing costs of building materials and labour costs could put pressure on premiums in 2023.

The Independent UK

Average price paid for motor insurance rose by 8% in final months of 2022

Rising costs, including for repairs, courtesy cars and second hand cars, have added to upward pressures on insurance policies, the ABI said.

The Independent UK

Average insurance premium paid by motorists increases

Insurers have been finding it increasingly challenging to absorb rising costs, the Association of British Insurers said.

The Independent UK

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The Guardian - UK

Starmer ‘should bring in workplace pension for the self-employed’

Fabian Society also says Labour needs to be radical and introduce better provision for the lowest paid

Daily Record

The 10p hack for checking cracks in walls after heatwave sparks house sinking fears

An expert has revealed when you should be concerned about cracks appearing in the walls of your home.

Wales Online

Experts share 10p coin subsidence test after heatwave sparks house sinking fears

Although not always serious, here’s how to spot when cracks in your home may be cause for concern

The Independent UK

Would your home pass the 10p subsidence test – and how do insurers handle claims?

Although not always serious, here’s how to spot when cracks in your home may be cause for concern. By Vicky Shaw.

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The Independent UK

Insurance customers could make savings by haggling and switching, says Which?

Some insurance customers have seen prices rise despite a ‘loyalty penalty’ ban having been introduced at the start of this year, Which? said.

Manchester Evening News

Average cost of car insurance has increased

The average annual price paid on motor insurance has increased while insurers attempt to implement new pricing rules

The Independent UK

Average price paid for motor insurance climbs amid rising costs for insurers

Motor insurers have continued to deal with rising costs and supply chain issues, the Association of British Insurers said.

The Independent UK

Motor insurers ‘facing challenges from rising costs and supply chain issues’

Repairs have become more expensive due to increasingly sophisticated vehicles and more costly raw materials, the Association of British Insurers said.

Manchester Evening News

Three household bills that have actually gone down in price during the cost of living crisis

It is a rarity to see that some costs have reduced

The Independent UK

Cost-of-living crisis: How the squeeze has tightened its grip on households

Some households have little room for manoeuvre in their budgets as living cost pressures have worsened.

The Independent UK

Pet insurers process record number of claims in 2021

People getting new pets and vets being able to take on more non-emergency treatments are behind the increase to 1.03m, the ABI said.

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