AA is still looking for MMI replacement

Maria Scott
Saturday 13 March 1993 00:02 GMT
Comments

Your support helps us to tell the story

From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.

At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.

The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.

Your support makes all the difference.

Uncertainty remains for thousands of householders insured with troubled insurer Municipal Mutual Insurance through the Automobile Association, despite the deal announced this week between MMI and Zurich Insurance, writes Maria Scott.

AA Insurance, which sells its own branded policies underwritten by other companies, is still trying to strike a deal to replace MMI as underwriter on 250,000 household contents and buildings policies.

This week MMI announced that it had concluded a deal to transfer its local authority insurance to Zurich Insurance Group. The deal includes 200,000 contents and buildings insurance policies underwritten by MMI. It will continue to back the policies until their renewal dates when Zurich will offer policyholders new terms.

But all MMI policies sold through brokers and agents are excluded from the Zurich deal. One of the main agents is AA Insurance, which has thousands of motor and household policies either partly or wholly underwritten by MMI.

Cornhill Insurance recently agreed to take over 90,000 AA motor policies and will pay any claims from now on.

But AA has not yet found a company willing to replace MMI as underwriter on 250,000 of its household contents and buildings policies.

Meanwhile, anyone whose MMI-backed policy falls due for renewal is offered a quote from another company on the AA's panel of insurers.

Join our commenting forum

Join thought-provoking conversations, follow other Independent readers and see their replies

Comments

Thank you for registering

Please refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in