A.M. Best warns of need for rate rises

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The ratings services company said that intense competition and the effect of the weak economic climate on investment returns and loss experience continued to put pressure on UK non-life insurers' financial performance.

In welcoming recent premium rate rises, particularly for personal motor, the company said that the actions should lead to better accident-year results in 2011, assuming a normal level of weather-related losses in the remainder of the year.

However it counselled that there were

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