Motor Insurance: Jumping the gun
Motor insurers’ over-eagerness to reap the anticipated benefits of the Legal Aid, Sentencing and Punishment of Offenders Act has resulted in a sharp drop in rates. With unprofitability increasing, where does the sector go from here?
Having failed to make a combined operating profit since 1994, the future is looking increasingly grim for the £10bn UK motor insurance market.
The sector expected rates to fall as a result of the
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