The Association of British Insurers (ABI) has revealed that UK insurers are paying out almost £200m a day. The figures include daily payouts of £19m for motor insurance policies, and £9m relating to home insurance coverage.
It's a fact that most states have different rules regarding car insurance. But most people don't take the time to look at their policy and coverage limits. While we can cover a number of discounts that are available, there are also things that you should review with your policy.
Injury claims are most likely to come from occupants of minicars and cars equipped with powerful engines while luxury vehicles lead to the priciest vehicle repair claims, according to the latest insurance claims data released Thursday from the Highway Loss Data Institute (HLDI).
A report out Thursday urges the insurance industry to act to protect itself and the community against the increasing frequency of extreme weather due to climate change.
In short, the report, its authors and those endorsing it want more efforts made to calculate climate change into risk management.