RSA claims premiums must rise
Royal & SunAlliance has called for liability premiums to be increased, in order to meet the rocketing...
Royal & SunAlliance has called for liability premiums to be increased, in order to meet the rocketing cost of liability claims.Increased claims volumes and higher damages awards have lead to a 25-30% increase in settlement costs over the last couple of years. Conditional fee arrangements and the Court of Appeals decision to increase personal injury awards have contributed to the rising costs.
Phil Bell, Royal & SunAlliance's commercial liability insurances manager, said: "Both insurers and
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