Press release archive

Browse through our archived press releases, statements and blogs
This section is designed to give journalists and commentators the latest news and comments from LV= GI. If you're a customer looking for information on our products and services, please visit our main website.

July 2021

Electric cars cheaper on average than petrol and diesel over ownership period

The LV= ‘Electric Car Cost Index’ explores purchase price, tax, insurance, fuel and maintenance costs for nine electric cars vs their petrol/diesel equivalent to establish the total cost of ownership Savings driven by average annual running costs, which are 49% or £1,306 cheaper than petrol…

June 2021

LV= reports 30% increase in car claims as restrictions ease

• Monday 24th May was the busiest day for claims since November last year • Huge rise in car park and motorway accidents, with drivers finding it challenging being back on busier roads The excitement of being back on the roads has come at a cost, with new data from LV= General Insurance (LV= GI)…

The Great British bike off: Pandemic drives 97% spike in bike policies

The UK ‘gets on its bike’ as LV= General Insurance (LV= GI) data reveals a 97% increase1 in people adding bikes to home insurance policies since this time last year. Regionally, customers in the South East added the highest number of bikes to policies last year across the UK, with Northern…

May 2021

April 2021

LV= reassures customers that working from home is automatically covered

• LV= General Insurance home insurance customers are covered as standard to work from home • Automatic cover provides reassurance and saves time for customers • Cover also includes customers’ own equipment, such as desks, printers and chairs LV= General Insurance (LV= GI), one of the largest home…

LV= reveals January spike in accidental damage claims

• Accidental damage claims spike in January as UK goes back into lockdown and home-schooling starts again • Surge in claims not seen since April and May last year LV= GI reveals • Spillages over laptops is the most common claim type, a record high of 22% For many of us, we’ve been home-schooling…

January 2021

From bonfires to blockages, LV= reveals lockdown home insurance trends

With more time being spent in the garden last year, fire claims from bonfires doubled. Thefts within the home down 34% vs thefts from gardens up 21%. Increase in claims for blockages and tech damages as people continue to work from home. With the country going back into lockdown, LV= General…

ECB and LV= General Insurance launch multi-year partnership

LV= General Insurance to become the title partner for England Men’s and Women’s domestic Test Series’ – including the 2023 Ashes Series – and the County Championship for the next three years Today’s announcement follows last November’s launch of #Funds4Runs, a £1million joint investment between…

LV= busts the myths preventing drivers going green

• Electric models such as the Renault Zoe are cheaper to insure than the ICE equivalent • Concerns about battery range, charging infrastructure and cost are the biggest barriers to people entering the electric vehicle market • Drivers believe electric vehicles are twice as expensive to run and can’t…

December 2020

Using Data Science for social good

Every day, a vast amount of data is being generated across every industry, including the public sector. Analysing this raw data to extract meaningful information is of the utmost importance, because it equips decision makers with the most recent intelligence. In most cases, however, the sheer volume…

November 2020

LV= Broker awarded ICS ServiceMark Accreditation

After the rollercoaster of a year it’s been, I’m delighted to share that LV= Broker has been awarded the prestigious ServiceMark Accreditation from the Institute of Customer Service (ICS). It’s an accreditation that can only be achieved with the help of our people and our customers (brokers), so it…

LV= strengthens its partnerships and intermediary business with new appointment

LV= General Insurance (LV= GI), the third largest personal lines insurer in the UK, has today announced the appointment of Simon Hird as its new Partnership Director, with immediate effect. In his new role, Simon will be responsible for leading LV= GI’s Partnership and Intermediary business with the…

£1m #funds4runs initiative launched by ECB and LV= general insurance

England and Wales Cricket Board has partnered with LV= General Insurance to financially support focus areas of the grassroots cricket community that have been impacted by COVID-19 with a £1million investment fund #Funds4Runs will directly help four key areas recover and rebuild - children from…

October 2020

Keyless technology drives rise in car theft over past four years

Data from LV= General Insurance reveals car theft claims have increased by 20% in each of the last four years Vehicle theft claims in London have increased by 265% since 2016, with Birmingham, Nottingham and Greater Manchester seeing individual increases of over 100% LV= General Insurance…