Insurance insolvencies remain in single figures

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The figure, an increase in the eight reported for the same month of 2012, meant that 0.08% of the insurance business population failed in the period.

The number came as the latest Insolvency Index from Experian revealed a significant drop in the rate of business insolvencies across the UK generally in January 2013. In fact, the reported level was at its lowest since June 2007.

The data showed that 0.06% of the business population (1,271 companies) failed in January 2013. This marked a fall from

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