WHEN Norwich Union announced a big hike in motor insurance premiums - from 16% to 40%, depending on a driver's claims history - it entered territory where rivals have long feared to tread. There was little surprise, then, when Patrick Snowball, head of UK operations at Aviva, which owns Norwich Union, announced: "We are determined to lead the market on this and we would expect some sensible discipline in the market. "The pendulum has swung too far and rates have been too low.....
CarInsurance.com licenses car insurance news content from Yellowbrix, Inc. We are unable to display this entire news item because this article's licensing expires after a certain amount of time. This article was originally published by Daily Post; Liverpool and it may be available at their website. See other car insurance news.
Car Insurance News: MONEY: Insurers Back in the Driving Seat ; Claims Inflation is Outstripping Premium Increases, As One Company Tries to Ensure the Insurance Business is Profitable. Jeremy Gates Reports...Get an auto insurance quote!