Household insurers have themselves to blame for losses.
According to Bacon & Woodrow's annual household insurance report, underpriced rates are to blame for...
According to Bacon & Woodrow's annual household insurance report,underpriced rates are to blame for the £350m-worth of losses that hit the
household insurance market in 1998 - the worst figures since 1991.
Although insurers suffered large claims from storm and flood damage,
Edward Plowman, insurance consultant at B&W, said the weather was not
sufficiently bad to justify the losses.
The report predicts that the market should go into profit this year, but
warns that premium rates are still
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