Serious crash claim costs up by 11% per policy each year
Amounts claimed in severe motor accidents rose but the number of claims made stayed steady, according to a report by the Institute and Faculty of Actuaries.
The cost per policy in 2014 for severe claims, or those that have costs above £131,000, increased by an average of 11% per annum since 2010.
Claims over £2m were a key driver of the inflation, with 60
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