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Travellers face double-digit rises in their insurance premiums in the new year, with insurers citing rising medical and fraud costs for the increases.

Axa, the country’s largest insurer, is imposing rises on its customers in time for the winter holiday season, with its competitors likely to follow suit in coming months.

“After a difficult year for insurers with the ash cloud, strikes and airline failures, the signs are there that the cost of travel insurance could increase going into 2011,” says Bob Atkinson, travel insurance expert at moneysupermarket.com.

“Some of the single premium policies have already increased in price.”

Axa has not specified which policies will be subjected to the rises but said the increases would reflect its own rising bill for fraud and medical costs.

“In 2009, the number of overseas holidays fell by 15 per cent and travel insurance premiums reduced by about 9 per cent. The volume

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Car insurance rates depend on several variables that can be different for every driver. In general, the safer your car is and the better your driving record is, the less you will pay for insurance. The kind of car you drive and where you drive it can also make a big difference on the way your car insurance company determines you risk factors. Small, Fast Cars Most Expensive to Insure Research shows that smaller cars tend to get into more frequent and more serious accidents than larger cars do. Smaller cars can be more difficult to see, so other drivers run into them more often. Their small size means that they can crumple more easily, especially if they are in a collision with a larger vehicle.

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It’s official: the European Court of Justice does have the power to overrule the laws of nature.

By ruling that higher pension annuity payments for men are unfair “discrimination’ – even though the payments are only higher because they are paid for fewer years than women’s – the court has decided that ideology must take precedence over biology and longevity.

With the payment protection insurance (PPI) ruling due any day, banks and consumer groups are expecting a flood of new complaints about mis-selling to arrive.

About 1m people have so far complained that they were mis-sold the insurance, which covers loan payments in the event a borrower is unable to through unemployment or illness.

Most of the women do not have any idea about how important medical insurance for pregnant women is. When they want to purchase health insurance policy after they get conceived, they face certain problems. Pregnant women are one step away from attaining motherhood. Hence, it is important that they must secure medical insurance although they have not obtained such insurance when they were not pregnant.

Women in general, no matter if they are pregnant or not, must have the adequate type of health insurance. On the other hand, medical insurance companies have some specific policies in selling insurance for pregnant women. Medical insurance companies want that women must buy necessary insurance policy before they are pregnant. Read more…

Bank customers who claim on insurance provided within packaged current accounts could end up losing their no-claims bonus on other policies.

Most paid-for bank accounts now offer consumers some form of home, travel or motor insurance as an add-on in return for the monthly fee charged for the account.

But for many customers, this insurance is useless. Often consumers have already taken out alternative, and more suitable, policies. This means they are needlessly doubling up their insurance, paying twice for inferior cover.

Not only are consumers paying for insurance they already have, but they could adversely impact both policies if they make a claim on one.

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