ABI rejects claim that insurers are 'profiteering' over savings on personal injury claims
The Association of British Insurers has defended the rise in motor premium costs, despite the insurance industry saving over half a billion pounds as a result of a drop in personal injury claims.
The government's whiplash reforms have saved insurers around £520m over the past three years according to figures from the ABI.
Premium prices in the UK have seen a 10% increase in the past 12 months
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