Norwich Union can we know the premium you receive
For years SELCHA has been writing to Norwich Union to ask it one question: is the premium charged by Chase Longman, or Barnetts or Locktons, to use the three examples used here, the same as the premium paid to Norwich Union for the benefit of its shareholders.
We forced answers from Zurich which showed a difference of over 500% in what was charged by the landlord (and Chase Longman) as insurance premium and what was paid to Zurich.
Hiscox Volunteered that the difference in one instance was over 400% For Chase Longman
New India informed us that the difference was in the region of 300% for Chase Longman.
Barnetts admitted to an increase of over 100% but never produced the actual policy which showed the true premium. We believe the Barnetts increase is exactly the same as Chase Longman.
When I wrote to Norwich Union asking if I could exercise my right under Section 30A of the Landlord and Tenant Act to visit its office so that I could confirm the the premium as quoted on the 'Certificate of Insurance' as issued by the brokers Lockton was the same as that received by Norwich Union, I got no reply. Instead the Landlord’s agent wrote inviting me to insure the premises myself.
That is what happened to Bill Walker when he pursued Barnetts.
My concern here is twofold:
Am I as a leaseholder being quoted a premium on a 'Certificate of Insurance' which is more than that paid to the insurer.
As a shareholder in Aviva the holding company of Norwich Union, I am concerned that the premium received by Norwich Union for my benefit is less than the amount on the 'Certificate of Insurance'.
Norwich union will not say.
Barnetts Norwich Union.jpg
Barnetts reply to Bill Walker.jpg
Chase Longman property Insurance Account Norwich Union.jpg
Ernst Young Norwich Union's Auditors refuse to investigate.jpg
My letter to Norwich Union.jpg