Collapse leads to rate rises.
The collapse of Independent Insurance is expected to contribute to a hike of up to 20% in insurance ...
The collapse of Independent Insurance is expected to contribute to ahike of up to 20% in insurance premiums for firms in areas such as
accountancy and law seeking professional indemnity cover. "I think rates
will go up in general, part of the reason is Independent," said Gary Head,
UK underwriting manager at professional indemnity specialists Hiscox
Insurance. "In the next 12 months I think we'll see premiums increase by
10 - 20% on average."
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