Insurance insolvencies up in September

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However, the rise still meant that only 0.04% of the sector failed during the month with five companies going out of business.

Overall the figures from the global information services company showed a 3.1% drop in the number of business insolvencies in September 2012 compared with 12 months ago. A total of 1,679 companies failed.

Smaller firms, those falling into the category of one to 50 employees, saw the greatest improvement in average insolvency rates compared with September 2011.

This was

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