LV investment return soars as 2012 floods take toll on COR
LV underwriting profit suffered a £25m hit last year, as the firm’s combined operating ratio increased to 99.7% (FY 2011: 97.7%) as a result of adverse weather conditions during large parts of 2012.
While results released this morning show that an upsurge in claims arising from flooding and a spike in personal injury claims frequency impacted the business' 2012 COR, gross written premiums
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