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Latest Finance News related to Claims Firm

Need help to claim after a flight delay?  As firms cash in, beware the small print image
.... Northampton trading standards told the Observer that it was investigating a number of complaints. Since 2014, when the supreme court ruled that passengers can claim for flight delays, a number of claims firms have sprung up to profit from the action. ...
Be aware of the hidden cost of courtesy car image
Source : Daily Express [Read Article] Wednesday 28th of December 2016 11:55:00 AM
.... . “I wasn’t entitled to a hire car on my policy, but the accident wasn’t my fault, so I got the offer of a vehicle similar to my own from the claims firm and accepted. ...
Passport stolen on holiday? Don’t expect your travel insurer to pay up image
Source : Guardian [Read Article] Friday 16th of December 2016 10:38:37 AM
....He says his total losses were in excess of £3,000, but as his Holidaysafe multi-trip policy did not include electronic items, he accepted that his son’s DVD player and other similar items would not be covered. However, he says he was shocked when the claims firm appointed by the insurer, TCF, paid out just £851 for basic items stolen but refused to pay for passports and replacement flights. ...
PPI claims firms face crackdown on fees image
Source : Telegraph [Read Article] Monday 15th of February 2016 06:36:16 PM
. The financial watchdog is cracking down on PPI claims firms that gobble up a large slice of customers’ compensation awards – although the tighter rules come as the banks get ready to wrap up the five-year-old redress scheme. ...
The Crusader: What to do about nuisance claims management calls after a car crash image
Source : Daily Express [Read Article] Tuesday 9th of February 2016 09:57:00 PM
....Also, while there is no national database, central records are kept by the Motor Insurers’ Bureau. These are used by insurers to validate drivers’ details but claims firms mine them for information. ...
Insolvency calls for Key Financial: PPI firm in administration as claims dry up image
Source : Daily Express [Read Article] Sunday 20th of December 2015 12:01:00 AM
....” . Nearly £22billion has been paid to victims of PPI mis-selling by banks and other lenders since January 2011 and claims firms regard the market as mature. ...
Insolvency calls for Key Financial: PPI firm in administration as claims dry up image
Source : Daily Express [Read Article] Sunday 20th of December 2015 12:01:00 AM
....” . Nearly £22billion has been paid to victims of PPI mis-selling by banks and other lenders since January 2011 and claims firms regard the market as mature. ...
Aviva employee stole hundreds of customers' details image
Source : BBC [Read Article] Friday 11th of December 2015 09:31:45 PM
.... . Cooper handed the stolen details to Simpson who in turn passed it to a Manchester based claims firm called Heyworth Finance. ...
Crusader: Act now if you think you are a victim of PPI image
Source : Daily Express [Read Article] Wednesday 2nd of December 2015 04:50:00 PM
.... But the move has raised fears of a coldcall frenzy from claim management firms who can take up to 30 per cent of compensation in commission. As such, the FCA advises people making a claim to contact their bank rather than any claims firm. ...
Justice unit rakes in £900,000 from rogue claims management companies in just 90 days image
.... . Mis-selling victims can claim free via the Financial Ombudsman yet PPI claims firms rake in £458m a year in turnover by claiming on behalf of borrowers, up from £453m in 2013-14. ...
Could £25,000 payout spark new PPI claims spree? image
Source : Telegraph [Read Article] Saturday 24th of October 2015 06:32:07 AM
.... . The claim against Santander was first made in January this year by a Hampshire claims firm on behalf of a Surrey woman in connection with a Debenhams store card taken out in 1989. ...
Aviva admits theft of customer details image
Source : BBC [Read Article] Friday 16th of October 2015 06:33:05 PM
....The claim was settled through Aviva. Shortly afterwards, the harassment from claims firms began. ...
The PPI claims deadline – all you need to know image
Source : Guardian [Read Article] Friday 2nd of October 2015 05:13:13 PM
.... However, many of these firms have already switched their attention to “the next PPI”: packaged bank accounts that charge a monthly fee for a range of benefits. Don’t use a claims firm. ...
UK airline regulator to force Ryanair to pay flight delay compensation image
Source : Guardian [Read Article] Thursday 17th of September 2015 04:07:28 PM
.... This also allows them to legally sidestep claims, although lawyers say that when cases reach court the airline is usually unable to supply adequate proof. “Approximately 79% of the claims are immediately rejected, yet when we take a claim to court we win 98% of the time, even in the case of technical errors,” said Raymond Veldkamp of the claims firm Flight-Delayed. ...
Packaged bank accounts: a good deal or a new ‘PPI mis-selling scandal’? image
.... Some people will have received compensation from their bank without the ombudsman service even having to get involved. That low uphold rate partly reflects the fact that some claims firms have been sending in batches of complaints that don’t stand up to scrutiny. ...
Complaints about banks’ packaged accounts soar to 1,000 a week image
Source : Guardian [Read Article] Tuesday 25th of August 2015 05:59:33 PM
.... There is no indication of how many complaints the banks have paid out on without the ombudsman’s involvement. About 80% of the complaints are being submitted by claims firms. ...
Bank of Scotland is most complained-about bank, watchdog reveals image
Source : Guardian [Read Article] Tuesday 25th of August 2015 09:15:06 AM
....”. She added that claims firms had also been largely responsible for the sizeable increase in complaints about packaged bank accounts, “which have driven up our banking workload over this period by two thirds”. ...
£220,000 fine for cold-calling firm image
Source : Telegraph [Read Article] Friday 7th of August 2015 08:52:21 AM
.... It is hoped the changes will weed out rogue firms in the industry, with initial data proving positive. A total of 296 claims firms received warnings from the regulator in 2014-15 and 105 had their licences removed, official figures showed. ...
Quindell investigated by regulator image
Source : BBC [Read Article] Wednesday 24th of June 2015 09:49:35 AM
....A more conservative way of accounting for revenues and case acquisition costs would "materially impact previously reported results for the year ended 31 December 2013 and the six months ended 30 June 2014", the company said in a statement. Quindell, which has a market capitalisation of £555m and revenues approaching £400m, has been restructuring following the recent sale of its professional services division to compensation claims firm Slater & Gordon for more than £600m. ...
Backlash on fake claims: Five-minute guide to the rise in motor injury payouts image
....One in three received more than 10 calls reflecting the sharp increase in the number of claims for whiplash and other minor injuries, according to new research from AA Insurance. Now the insurer is calling on politicians to launch a fresh clampdown on "no win no fee" claims firms. ...
Weekly Money image
Source : Independent [Read Article] Friday 13th of March 2015 10:15:51 AM
Bankers, doctors and dentists most likely to fall for investment scams image
Source : Telegraph [Read Article] Tuesday 2nd of December 2014 09:50:22 AM
.... . The figures, from claims firm Rebus, reveal the occupations of the estimated 114,000 victims of unregulated investment mis-selling in the UK, who have collectively funnelled around £5bn into investments which turned out to be “too good to be true”. ...
EasyJet has grounded my claim for flight-delay compensation image
Source : Guardian [Read Article] Monday 22nd of September 2014 06:00:30 AM
....EasyJet admits a recent ruling by the UK high court found that technical issues with an aircraft does not exempt the operator from its obligation to pay compensation, but says that because the airline is appealing, it will put mine and other claims on hold until a final ruling is reached. It even advises against using one of the claims firms that will take a third of any money subsequently paid out. ...
Quindell’s tracking device tie-up with RAC stalls image
Source : Telegraph [Read Article] Sunday 3rd of August 2014 11:20:02 PM
.... . As part of the joint venture, the RAC received warrants entitling it to 250m Quindell shares when the claims firm’s stock market price reached 50p within two years. ...
Lloyds: PPI payments remain a barrier on the dividend road image
Source : Guardian [Read Article] Thursday 31st of July 2014 08:07:53 PM
...." Very true. Some of these ambulance-chasing claims firms encourage punters to try their luck without bothering to establish whether there was a policy in the first place. ...
New laws to stop claims firms giving away tablet PCs image
Source : BBC [Read Article] Saturday 7th of June 2014 01:47:01 AM
. Lawyers and claims firms are to be banned from offering incentives such as free tablet computers to encourage people to make insurance claims. ...
National Accident Helpline to launch £100m IPO image
Source : Telegraph [Read Article] Tuesday 22nd of April 2014 05:00:45 AM
.... The accident claims industry has come under fire in recent years after a boom in whiplash claims which insurers have claimed costs them more than £2bn in payouts and leads to an average premium increase of £90 per drivers. However, since the Government’s crackdown on whiplash injury fraud the Ministry of Justice has said that the number of claims firms in the market has fallen. ...

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