Insurance failures fall by more than a third
Insurance insolvencies fell by more than a third during June 2013 compared to the previous month, a report has found.
The latest Business Insolvency Index from Experian found that some five firms collapsed during June, down on the eight that fell insolvent in May.
This was also less than the six insurance firms that went bust during June 2012.
Overall, the survey recorded a falling UK year-on-year insolvency rate for the second consecutive month, falling to 0.07% from 0.08% in June 2012.
And as for regions, eight out of 11 in the UK showed a year-on-year fall in their insolvency rates.
Max Firth, managing
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