Insurance

Squeezed consumers searching for the best deals face a "major risk" of being sold financial products they do not need, the finance watchdog warned today.

MoneySavingExpert.com today provides evidence Halifax and Lloyds TSB advertised pet insurance policies promising "life-long" cover before axing the products over recent months, meaning they were anything but life-long.

Up to 200,000 homes could struggle to get insurance against flooding next year, potentially risking an £11 billion liability, council leaders said today.

Action is expected to be taken to reduce the £2 billion-a-year cost of insurance claims for whiplash in a bid to help cut the prices we pay.

Pet owners have been left worrying about their animals' future after Lloyds TSB stopped renewing pet insurance policies this month.

The cost of motor insurance jumped by 15.3% in 2011, figures from the AA show today.

The increase in claims for whiplash injury is the main cause of the rise in motor insurance premiums, a report by MPs states today.

Redress paid to victims of payment protection insurance mis-selling has hit £1 billion in 2011, new figures show.

Fair trading chiefs today launched a study into private motor insurance following big hikes in premiums in recent years, focusing on the high cost of repairs and replacement vehicles.

Lloyds TSB has still failed to clear a massive backlog of unpaid PPI compensation, leading to more anger from mis-selling victims.