Insurance insolvencies continue to fall
Insurance insolvencies continued to drop as the number of failures fell by 63% during March 2013, compared to the same month in 2012, a study has found.
The latest Business Insolvency Index from Experian reported that six insurance companies went bust in March 2013, significantly down on the 16 recorded for March 2012.
And this follows the same Experian index report last month which found that insurance failures also fell by 63% for February 2013.
Across the UK economy, the insolvency rate remained at 0.08% of the business population for the second consecutive month, with 1,736 firms failing during March 2013.
However, this was down on the 0.11
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