Motor insurers' excuses for poor results rejected
Insurer claims that increases in bodily injury costs are to blame for poor performance in the private motor market may be misleading, according to industry experts.
David Vine, business development manager at Allianz Legal Protection, said it was "disappointing" to see that some motor insurers were "blaming their poor half-year results largely on the increase in bodily injury claims" and the "pariah of the industry" claims management companies (CMCs), adding that the problem lay in the market's desire to write for growth rather than profit.
His comments follow the publication of a report by financial services firm JP Morgan, which has slammed Insurance
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