Tuesday, August 25, 2009
Inflation,inflation,inflation starring G Brown, A Darling
Car Insurer Hikes Premiums As Claims Rise
The company's profits were boosted by a rise in car insurance premiums, allowing it to raise rates by an average 5.5%, which means its rates are now 8% higher than a year ago
Posted by mark @ 10:09 AM (767 views)
3 thoughts on “Inflation,inflation,inflation starring G Brown, A Darling”
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techieman says:
Not so much a sign of inflation but a sign of rising crime, because of a recession. Insurance is cyclical and always is on the front line when a recession hits!
mark says:
i dont believe that, as their profits are up on increases…
techieman says:
What dont you believe? That insurance is cyclical? http://en.wikipedia.org/wiki/Insurance_cycle
Or that there is no increase in crime during recessions? http://www.billshrink.com/blog/how-the-recession-is-impacting-crime/ [ok its USA but its the same here]?
or maybe you are right and they are taken perhaps its just they cant sell so much on the non mandatory covers : http://www.fairinvestment.co.uk/news/insurance-news-Brits-cut-back-on-savings-and-insurance-as-recession-looms-2214.html or http://www.insurancedaily.co.uk/2009/06/09/one-in-four-cancel-home-insurance-as-recession-bites/.