Fleet market starts to harden.
After four years of steadily declining rates, the fleet motor market is reporting a significant hard...
After four years of steadily declining rates, the fleet motor marketis reporting a significant hardening in pricing, with some insurers
retaining accounts with 100% rate increases.
Patrick Snowball, managing director, general insurance at Norwich Union,
told PB: "On fleet motor we are now achieving between 9 and 10% increases
year-on-year and I believe you will see across-the-board rate increases
from us of up to 14% during 1999."
According to John Seaton, head of motor at CGU, fleet motor rates
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