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Admiral Warns Of Insurance Premiums Rise

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Motorists should brace themselves for a 5 per cent jump in their insurance premiums by the end of the year, one of the market’s leading providers said on Wednesday.

Admiral, which operates the Elephant.co.uk and confused.com online brands, said insurers across the market had pushed up premiums by about 2.5 per cent during the first half. It said the evidence suggested that a similar rise would take place over the next six months.

David Stevens, Admiral’s chief operating officer, said his company had resisted an increase in its premiums so far this year, but was likely to follow other players in the coming months. “We have left our premiums relatively flat; it is profitable for us and we have been happy to accelerate our volume growth,” he said.

Admiral had increased the number of vehicles it insures by 7.5 per cent over the six month period, partly because of competitive pricing. Mr Stevens said: “Our rating action will depend on how the market moves as a whole, but l would say that we will increase our rates over the rest of the year by a small amount.”


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Guest Shedfish

i've scripted another in the Admiral advert series - it's essentially similar to the others, but involves a katana, and a parrot cut off mid sentence, along with the follow-through

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