Fear credit hire and repair claims 'may reach £1.2bn'

New figures suggest that credit hire and repair claims are projected to cost the insurance industry £1.2bn for 2008.

With the UK economy rapidly slowing and recession in sight TCS, which acts on behalf of insurance companies to reduce claim costs, issued a warning to the insurance industry to act now to reduce these costs.

According to TCS, the average value of each credit claim received by the insurance industry is in excess of £1,700. Based on recent statistics the number of credit claims has ne

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