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More options for paying care fees
Long-term care providers have new incentives for individuals to take out plans which will cover the costs of care in later life, with some now offering money back guarantees on annuities.
Flood insurance not waterproof
Thousands of householders who suffered flood damage to their properties during recent storms were advised to think carefully about cancelling existing cover if their premiums rise as they could struggle to find a new policy elsewhere.
FSA delays PPI complaints proposals
The Financial Services Authority has delayed its plans to force providers to reassess 185,000 rejected payment protection insurance (PPI) complaints after receiving representations from industry.
Flood claims rise towards £100m mark
Insurers estimate that the 500 to 1,000 claims for damage during the flooding in Cumbria and southern Scotland have reached up to £100m
Deal of the Week - Online cashback guarantee
A shopping website that guarantees to pay cash rebates on purchases from up to 1,000 online retailers
With-profits guarantees will cost policyholders
Insurers are relying on existing policyholders or shareholders to cover any shortfall for new “money back” guarentees increasingly offered to draw in risk averse investors.
Consumers not satisfied with comparison websites
The country’s leading price comparison websites, used by millions of consumers a week, are not giving their customers a good enough service, says a new study by Which?
Aviva guarantees with profits policies
Aviva has launched the market’s first product to offer a money back guarentee for with profits investors who hold their policies for five years or more.
Call for insurers to publish claims records
Income protection providers are being urged to follow the lead set by critical illness cover (CIC) insurers and open up their claims pay out records to customer scrutiny.
FSA urged to drop complaints plans
Loan insurance providers are urging the Financial Services Authority to drop plans to force them to reopen some 185,000 previously rejected customer complaints.
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