Rivals Still Holding Fire After Bold Move By Norwich Union

When Norwich Union announced a big hike in motor insurance premiums - from 16 per cent to 40 per cent, 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 Avi-va, 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.....

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