Malware and ransomware alone accounted for 51% of all successful claims in 2024 The insurance industry paid out nearly £200 million to UK businesses in cyber insurance claims last year, revealing a massive rise in the scale and impact of digital attacks. The Association of British Insurers (ABI) reported that insurers paid £197 million in
Britons seeking to claim or get cover are heading into a “perfect storm” of poor service and processing delays, thanks to inadequate underwriting and persistent delays in GPs submitting medical forms to insurers. This is according to several financial advisers and protection specialists, who have said the situation is getting worse, not better, despite the
In this week’s edition of InnovationRx, we look at BillionToOne’s IPO, China’s biotech power couple and Lilly’s eye drug deal. To get it in your inbox, subscribe here. A deal between defecting Democrats and the Republicans may end the government shutdown, but it punted on subsidies for health insurance coverage under the Affordable Care Act,
HOUSEHOLDS are being urged not to fall for a common car insurance trick that means drivers pay extra. Most car insurance policies run for 12 months, with a new price recalculated and sent out to drivers a month before the policy ends. Sign up for the Money newsletter Thank you! We share how households can
Businesses may only discover they’re under-insured when a disaster such as flooding hits them Getty Images Is your business under-insured? New research from the insurance company Hiscox suggests the answer is very likely to be yes. Almost three-quarters of small businesses worldwide are not properly protected from the everyday risks they face, Hiscox warns. That
We’ve called for the Financial Conduct Authority (FCA) to grapple with widespread insurance failings. But as the deadline approaches for it to respond, new data shows home insurance claims acceptance rates remain stubbornly low. Figures published last month by the FCA show that in 2024, insurers paid out 70.7% of claims made on combined buildings and
By Chipo Sabeta Diaspora Insurance has launched its 2025 Charity Campaign, a major initiative aimed at supporting underprivileged communities across Africa. Operating in 25 African countries, Diaspora Insurance plans to use its broad network to make a tangible difference where it matters most among the less privileged. At the launch event held at the Diaspora
MONTREAL — As the U.S. government shutdown leads to thousands of cancelled flights, some Canadian travellers find themselves caught up in the stateside travel chaos. But there’s a chance that even those who bought trip insurance might be left holding the bag. More than 8,300 departures south of the border have been cancelled since Friday,
A tech startup is aiming to help drivers to understand and evaluate car insurance options. Founded in Wales by industry professional Ryan Hughes, Brumble is positioning itself as a credible and trusted information source that helps motorists make confident, informed decisions about their financial options. Having spent years working on the provider side of price
Drivers could be left £300 out of pocket for failing to do one thing when looking for car insurance. New research has suggested that millions of drivers across the UK could be missing out on huge savings because they are waiting last minute to choose a new policy. Those who shop around for their next