Sweeney blasts low HNW rate rises

jewels

Sterling director of personal and commercial insurance David Sweeney has welcomed "common sense" rate rises in the household insurance market but has called for tougher rating action in the high net worth sector.

Mr Sweeney said competition in the HNW sector remains too severe to sustain premium rate rises of 5% to 10% to match the wider household market.

He told Post: "We are pushing for 1% to 2% rises on our

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