Motor insurers are paying their policyholders less than what their stolen or written off vehicles are actually worth when they make claims, according to the Financial Conduct Authority.
Bima Sugam will list insurance products from all life, health, and general insurance categories, providing a comprehensive one-stop shop for insurance needs.
Shares in Direct Line fell six percent as it said the group had rejected a second cash-and-shares proposed bid from Ageas that was made on March 9, worth 237p a share valuing the firm at around £3.11 billion.
The refund, which is likely to boost the bottom line of the corporation in the fourth quarter, is related to interim bonuses to policyholders in the past seven assessment years.