http://www.chrisudell.co.uk Shaking up the Insurance Industry Thu, 07 Aug 2008 11:02:23 +0000 http://backend.userland.com/rss092 en The Competition Commission (CC) released their Provisional Findings last month relating to the Payment Protection Insurance (PPI) market. Opening their news release with “Companies face little or no competition when selling Payment Protection Insurance to their credit customers and as a result customers appear to be overcharged by over £1.4 ... http://www.chrisudell.co.uk/2008/08/a-long-slow-death-for-payment-protect-insurance-ppi/ The Financial Services Authority (FSA) has recently fined Liverpool Victoria Banking Services (LVBS) £840,000 for misselling Payment Protection Insurance (PPI). See the full story at Insurance Daily   http://www.chrisudell.co.uk/2008/08/fsa-clamp-down-on-ppi-misselling/ The Government Equalities Office have recently released a white paper entitled Framework for a Fairer Future - The Equality Bill. The Equality Bill is aimed at effectively removing discrimination against all individuals and groups. Of particular interest to the Insurance Market is how it will affect products with an upper ... http://www.chrisudell.co.uk/2008/06/all-things-being-equal/ Press Release: Business & Domestic Launch Across the Motorway Group Business & Domestic Insurance Services have launched their innovative Lifestyle Protect Insurance product across the Motorway Direct Group, one of the fastest growing warranty companies in the UK since its launch in 1996. "As a member of the Motorway Direct Group, we ... http://www.chrisudell.co.uk/2008/06/business-domestic-launch-across-the-motorway-group/ The credit crunch has meant that there are fewer cars, fewer houses, fewer loans and a consolidation of the market.  This is terrific because with a market shake-up it gives us the ability to go out there and do better things with better products and better people into markets that ... http://www.chrisudell.co.uk/2008/05/what-is-the-impact-of-the-credit-crunch-on-the-insurance-business/ Press Release: Business & Domestic Team Expands Richard Amphlett has joined the team at Business & Domestic Insurance Services as Divisional Business and Client Manager. Richard was previously Head of Business Development at Hitachi Capital Insurance Europe and has worked extensively in Sales Leadership roles. Reporting to the MD, Richard will ... http://www.chrisudell.co.uk/2008/05/business-domestic-team-expands/ Despite Gordon Brown's recent efforts to kick start the economy the headlines in this weekends edition of FT Weekend read "Brokers warn of further rises in mortgage rate". According to the FT brokers expect the two year fixed rates to increase in the coming weeks and that consumers will not benefit ... http://www.chrisudell.co.uk/2008/04/mortage-rates-set-to-rise/