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The Latest Breaking News from Direct Line

Direct Line to axe about 550 jobs as part of £50m cost-cutting drive

Company to shed about 6% of its workforce of 9,000 as it loses car insurance customers

The Guardian - UK

Huge insurance firm with offices in Scotland to cut 550 jobs

Direct Line Group has revealed plans to axe around 550 jobs as it looks to cut costs amid a turnaround at the insurer ...

The National (Scotland)

Direct Line to axe 550 jobs under cost-cutting plan

The insurer is looking to slash costs by £50 million in 2025.

Evening Standard

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FTSE 100 Live 11 November: NatWest cuts Treasury stake with £1bn buyback, Bitcoin tops $81,000

The Government’s NatWest stake is down to 11.4% after the lender spent £1 billion buying its shares from the Treasury.

Evening Standard

Why you need specialist cycle insurance

Cycle-specific insurance can provide the right cover for you and your bike, home and abroad

Cycling Weekly

Does it come with air con? How to keep your home cool in a heatwave for as little as £15

Two in three Londoners have reported their homes are ‘unbearably hot’ as demand for air conditioning rises

Evening Standard

Direct Line to finally launch on price comparison websites

The insurance brand will launch on price comparison websites with a new suite of motor insurance products

The Independent UK

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Direct Line rings the changes with new CFO brought in from Aviva after recent spate of setbacks

After rejecting a £3.1 billion international bid, there are more top-level changes at the FTSE 250 firm

Evening Standard

Bed bug callouts soared by a fifth in London last year

Boroughs in the capital spent more than £270,000 dealing with bed bugs last year

Evening Standard

Direct Line rejects £3.1bn takeover offer from Belgian rival

British insurer says offer last month from Ageas was ‘highly opportunistic’, after shares surge on talk of bid

The Guardian - UK

‘The quotes were £5,000 or more’: electric vehicle owners face soaring insurance costs

Drivers who ditched petrol and diesel to help save the planet face huge price rises in premiums

The Guardian - UK

Robert De Niro is disgracing himself – and Taxi Driver – by starring in an Uber advert

By joining the likes of Harvey Keitel for Direct Line and Judi Dench for Money Supermarket, the Oscar winner is threatening his legacy by nodding to his ‘Taxi Driver’ character in a TV commercial for a ride-sharing app, writes Nick Hilton. What is he thinking?

The Independent UK

Record spike in insurance firms ripping off drivers over value of their car

Exclusive: Drivers of BMW, Mercedes and Land Rover cars are worst affected with underpayments of £1,000, according to research

The Independent UK

Direct Line to pay out £30m to customers overcharged on car or home insurance after rule breach

The insurer admitted to an ‘error’ in implementing new fair pricing rules

The Independent UK

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The Guardian - UK

Direct Line to pay £30m to overcharged car and home insurance customers

Company breached rules that state existing policyholders should not be charged more than new ones

The Independent UK

The great car insurance con: Complaints about payouts soar as motorists hit by record-high premiums

Exclusive: Insurers delaying payout claims and undervaluing cars among top complaints

The Independent UK

The great car insurance con: Premiums soar to record high as prices hiked 50% in a year

Exclusive: The average premium rose by 48 per cent in the 12 months to June 2023

The Independent UK

Couple’s outrage as car insurance hiked 90%: ‘Trying to mug me when I wasn’t looking’

Exclusive: The annual premium on Steve Blears’ Ford Focus estate was set to rise from £550 to £1,046, a blistering 90 per cent increase

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The Guardian - UK

Direct Line ordered to review five years of car claims after underpayments

Insurer told to reassess vehicle write-offs to identify any unfair settlements

Daily Mirror

Direct Line to pay compensation after underpaying drivers - are you due cash?

The Financial Conduct Authority (FCA) issued a notice this week saying Direct Line "must carry out" a review of the total losses of vehicles between September 2017 and August 2022

The Guardian - UK

UK drivers complain as car insurance renewal costs rise up to 70%

Latest financial pain in cost of living crisis comes from steep price increases for motor cover

The Guardian - UK

An RAC call-out ended up with me losing my beloved Rolls-Royce

When it couldn’t repair the Silver Spur, the RAC offered to take it to a specialist … then it went missing for six days

Daily Mirror

Warning issued as illegal energy 'cost cutting' method could land you with £30,000 fine

Nearly half of electricians and gas engineers have been asked to tamper with electricity or gas meters in the last year - and almost a third have seen evidence of tampering in homes

The Guardian - UK

John Lewis owner picks Saatchi & Saatchi to replace agency behind hit Christmas ads

Retailer parts ways with Adam&eveDDB as it attempts turnaround after slumping to a loss

Wales Online

95 per cent of young people are struggling with their mental health

Charity Mind says they are 'deeply concerned by the findings of this research'

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