UK insurers News

Insurers to Stop Selling Car Price Cover After FCA Pressure

Multiple UK insurance companies have agreed to stop selling policies that cover declining car values after the Financial Conduct Authority raised concerns about customer fairness. Insurers that account for 80% of the guaranteed asset protection market have agreed to halt …

Like its Buildings, U.K. Insurers’ Shares Are Sinking

Just like a lot of British houses this summer, U.K. insurance stocks are sinking. The country’s nonlife insurers sector had its steepest drop in more than a year-and-a-half on Friday after its biggest constituent, RSA Insurance Group Plc, warned this …