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Chase Bank Limits Cash Withdrawals, Bans International... Before you read this report, remember to sign up to http://pennystockpaycheck.com for 100% free stock alerts Chase Bank has moved to limit cash withdrawals while banning business customers from sending...

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Richemont chairman Johann Rupert to take 'grey gap... Billionaire 62-year-old to take 12 months off from Cartier and Montblanc luxury goods groupRichemont's chairman and founder Johann Rupert is to take a year off from September, leaving management of the...

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Cambodia: aftermath of fatal shoe factory collapse... Workers clear rubble following the collapse of a shoe factory in Kampong Speu, Cambodia, on Thursday

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Spate of recent shock departures by 50-something CEOs While the rising financial rewards of running a modern multinational have been well publicised, executive recruiters say the pressures of the job have also been ratcheted upOn approaching his 60th birthday...

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UK Uncut loses legal challenge over Goldman Sachs tax... While judge agreed the deal was 'not a glorious episode in the history of the Revenue', he ruled it was not unlawfulCampaign group UK Uncut Legal Action has lost its high court challenge over the legality...

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Why is Axa stalling on my car claim?

Category : Business

Six months after my accident, I have still heard nothing from Axa – and have had to pay to store the car

My Toyota Yaris was hit in a supermarket car park, smashed beyond economical repair, in August 2012. My boyfriend was driving – I was unwell – and as he was not a named driver, he was only covered for third party claims. There were no such claims as it was entirely the other driver’s fault.

But because he was driving, neither my insurer nor the legal expenses cover on my policy would get involved. The other driver was insured by Swiftcover, part of Axa. I had to tackle them on my own.

My road tax and insurance ran out at the end of August so I had to pay to store the car, awaiting an Axa inspection. Despite frequent reminders, I heard nothing from Axa. In the meantime, I could not afford another car and after paying for four months’ storage, I sold the car as scrap for £500.

Now, more than six months after the incident, I have still heard nothing from Axa. KL, Teddington, Middx

Motor insurers are notoriously difficult when dealing with legitimate claims from other parties. In this case, it was doubly difficult as both your insurer and legal expenses provider washed their hands of you because your boyfriend was covered under his own policy only for third-party risks when driving another car.

There was initially some confusion over who would obtain the CCTV footage from the car park. But this does not explain the six months of delay.

Axa owned up swiftly when we called. It blamed an “inexcusable lack of communication” and added: “We didn’t reply. We didn’t give the service we should have. It was unacceptable.” The only reason it could come up with was that it was hit in August by a “surge of events”, mostly relating to last summer’s bad weather.

Axa has now agreed to pay you the full value of the car – it calculated this slightly higher than your estimate – less the scrap value, plus storage costs and a £10 a day public transport allowance: £3,917. It will also add £200 to compensate you for its poor service.

This week’s column is guest-written by Tony Levene.

We welcome letters but cannot answer individually. Email us at consumer.champions@guardian.co.uk or write to Bachelor & Brignall, Money, the Guardian, 90 York Way, London N1 9GU. Please include a daytime phone number

Pot Hole Problem Prevention from Asda Money

Category : Stocks

Potholes are a growing problem on the UK’s roads, with motorists and cyclists facing an average of 6.25 potholes per mile(1). Asda Money looks at ways you can avoid potholes and the damage they can cause to your vehicle whilst driving.

Read this article: Pot Hole Problem Prevention from Asda Money

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Dow rallies but stays below 14,000

Category : Business

Corporate earnings and Dell’s deal to go private are driving stocks higher, a day after concerns about European politics weighed down markets.

Continue reading here: Dow rallies but stays below 14,000

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Opportunistic fraud ‘on the rise’

Category : Business

Personal pressures at work and at home are driving more people to commit fraud, while crime by professional fraudsters is falling, a survey suggests.

Go here to see the original: Opportunistic fraud ‘on the rise’

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Emerging nations’ top 100 firms

Category : Business, World News

A new report identifies 100 firms from emerging economies that are driving global growth and presenting fresh challenges for traditional multinationals.

Read the rest here: Emerging nations’ top 100 firms

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DVLA strike over office closure plan

Category : Business, World News

Driving and Vehicle Licensing Agency staff stage a one-day strike over plans to close regional offices, which could see more than 1,000 job losses.

Continued here: DVLA strike over office closure plan

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Sen. Crapo arrested, charged with DUI – USA TODAY

Category : Stocks


CBS News
Sen. Crapo arrested, charged with DUI
USA TODAY
Sen. Michael Crapo was arrested early Sunday morning and charged with driving under the influence in Alexandria, Va., authorities said. He was released on an unsecured $1,000 bond. (Dec. 24)
Senator From Idaho Is Arrested on a Drunken Driving ChargeNew York Times
Idaho Sen. Crapo Arrested in Va., Charged…ABC News
Sen. Crapo arrested on DUI near DCThe Idaho Statesman
CBS News

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Car review: Porsche Boxster

Category : Business

Who better to test drive the new Porsche Boxster than a 13-year-old with a passion for roller coasters?

Price from £37,589
MPG up to 34.4
Top speed 164mph

Kitty is a pretty 13-year-old with a

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HAITEC and ITRI Awarded With World Champion and Taiwan Winner in Galileo Pro 2012

Category : Stocks

HSINCHU, TAIWAN–(Marketwire – Nov 15, 2012) – “European Satellite Navigation Competition (ESNC) 2012″ announced today that the team formed by Taiwan’s HAITEC and ITRI with their entry of D.S.R.C (Driving with Safety, Responsiveness, and Courtesy) has won the Grand Prize for the Prototyping Competition which was organized by Taiwan and the global champion “Galileo Pro” of the ESNC 2012 as well.

See the original post here: HAITEC and ITRI Awarded With World Champion and Taiwan Winner in Galileo Pro 2012

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Is the Learning Period for Novice Drivers Too Short?

Category : World News

New Driving School Proposals Examined by Insurance Broker Quote Me Today

Originally posted here: Is the Learning Period for Novice Drivers Too Short?

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