Annual gross fire claims.
The cost of commercial fire claims continues to rise with losses costing business an average of £1.6...
The cost of commercial fire claims continues to rise with lossescosting business an average of £1.6m a day, according to the Association
of British Insurers. In 1998 fire damage claims cost insurers £600m, up
22% on the previous year, to their highest level since 1992. In the fourth
quarter of last year alone there were 25 large scale fires, each causing
damage of over £1m. Mark Boleat, director general of the ABI, said: "The
current level of commercial fire losses is very disturbing and needs to
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