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Latest News

WHAT IS TRADE CREDIT INSURANCE AND DO I NEED IT?

WHAT IS TRADE CREDIT INSURANCE AND DO I NEED IT?

Wednesday 21st June 2017

In simple terms Trade Credit Insurance provides cover for businesses if customers who owe money for products or services do not pay their debts, or pay them later than the payment terms dictate. The Association of British Insurers (ABI) report that there are around 12,000 policies in force and trade credit insurers paid businesses the equivalent of over £4 million in claims every week last year up just over 40% on 2015, and the highest amount since 2009. Also the level...

DATA BREACH COULD AFFECT 270,000 WONGA CUSTOMERS

DATA BREACH COULD AFFECT 270,000 WONGA CUSTOMERS

Wednesday 21st June 2017

It was recently reported that the payday loan firm Wonga had suffered a data breach which could affected up to 245,000 of their UK customers and a further 25,000 in Poland. Affected customers are being contacted and warned to watch out for scammers or unusual online activity, in particular they...

LANDMARK CONVICTION FOR THE INSURANCE FRAUD BUREAU

LANDMARK CONVICTION FOR THE INSURANCE FRAUD BUREAU

Wednesday 21st June 2017

The Insurance Fraud Bureau (IFB) was established in 2006 to fight against insurance fraud. The have now announced their 500th conviction. In June four individuals were found guilty of deliberately causing a crash just outside Kenilworth, Warwickshire and were sentenced to a total of just under five years imprisonment. Working closely...

COULD YOUR PC BE HELD TO RANSOM

COULD YOUR PC BE HELD TO RANSOM

Wednesday 21st June 2017

Last month’s “ransomware” cyber attack that threatened the computer systems of the NHS and other organisations has highlighted cyber security risks. The UK's National Cyber Security Centre website https://www.ncsc.gov.uk/guidancecontains lots of guidance on how to protect your systems. Some simple tips include running updates, using firewalls and anti-virus software and being...

TRAVEL INSURANCE – IS IT WORTH IT?

TRAVEL INSURANCE – IS IT WORTH IT?

Wednesday 21st June 2017

Significant numbers of people travel abroad for work and the school summer holidays and peak travel season are rapidly approaching, do you need travel insurance? The Association of British Insurers (ABI) report that in 2016 insurers paid £370 million, (or £1 million every day) to help 480,000 travellers and their families...

ON THE ROAD AGAIN?

ON THE ROAD AGAIN?

Wednesday 21st June 2017

What happens when an insurance company decides that a vehicle is a write it off? Could it be back on the road again and if so is it safe? There is a Code of Practice for the Categorisation of Motor Vehicle Salvage which is co-ordinated by the Association of British Insurers (ABI)....