Upturn in household market
The household market moved back into the black in 1999 following losses of over £350m in 1998, accord...
The household market moved back into the black in 1999 following losses of over £350m in 1998, according to Bacon & Woodrow.In its most recent report on the market the consulting actuary says the improvement in has been achieved due to a combination of "moderate" premium increase and improved claims experience following better weather.
The report predicts that buildings insurance premiums will see a modest increase because insurers are still not charging enough to cover the risk of severe
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