Industry awaits reaction to NU motor rates hike
Insurer Norwich Union has increased its premiums for renewals by an average 16% in an attempt to red...
Insurer Norwich Union has increased its premiums for renewals by an average 16% in an attempt to reduce its combined operating ratio. For young male drivers, premiums could rise by up to 40%.
The announcement came a day after NU announced a stripped down policy - Simple Cover - that excludes access to personal accident cover, medical expenses and physiotherapy cover. NU's combined operating for the first six months in motor was 105% compared to 92% overall. An NU spokeswoman said: "We are
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