Insurance failures fall 63% during February

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Some eight insurance firms collapsed, 0.07% of the insurance population, markedly down on the 21 (0.19%) which fell insolvent during February 2012.

Experian has previously reported that nine insurance companies went bust during January 2013.

Across the board, 0.08% of the UK's business population failed during February 2013, down from the 0.1% recorded for the same month in 2012.

And Max Firth, managing director, Experian Business Information Services, UK&I said: "The falling insolvency rate

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