The United Kingdom has announced that it will be complying with an insurance ruling coming from the European Court of Justice, the judicial arm of the European Union. The rule bans European insurance companies from imposing gender-sensitive premiums and benefits. This has drawn the opposition of insurers, who argue that premiums are determined by a multitude of complex factors and that limiting their ability to calculate premiums accurately would result in pricing that is either too high or too low for risk. Despite the opposition, the rule will be enforced…
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Uninsured vehicles now considered a criminal act in U.K.
Changes to the United Kingdom’s car insurance laws are coming and Swinton Insurance, one of the largest car insurers in the country, is warning motorist to take heed. Next month, it will be illegal to own an uninsured vehicle. Swinton has taken it upon themselves to caution both policyholders and the general public of the new law in the hopes that they will take necessary measures to protect themselves accordingly. The current laws in the UK forbid motorists from driving uninsured vehicles, but the new law asserts that the simple…
Read MoreU.K. government clamps down on uninsured motorists
The United Kingdom has had a troubled past with uninsured motorists. The government decries the lack of insurance coverage as an unnecessary and dangerous risk. To combat the plight, the Department of Transportation has instituted a new system, which they are calling Continuous Insurance Enforcement. Drivers who fail to renew or otherwise obtain insurance coverage will have their vehicle clamped, seized and destroyed. The initiative has drawn outrage from the nation’s motorists. Motoring groups warn that innocent drivers will be at risk of having their vehicles taken away should they…
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