Insurance sector sees rise in insolvencies

A closed sign

The latest Business Insolvency Index found that 0.15% of the insurance sector it measured was declared insolvent in the month compared to 0.11% in the same period of 2011.

The rise was ahead of the national trend. The figures from the global information services company showed that across the economy 1,723 companies, 0.09% of the business population, failed in August 2012.

The result was broadly in line with the month before but up on August 2011 when 0.08% of businesses - 1,563 companies -

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