Enterprise Insurance’s claims bill has increased to £157.1m as reported by sister publication Post.
A liquidator’s report revealed that the business, which went into administration in 2016, originally expected claims in the region of £55.7m.
Post detailed that the reduction of the discount rate meant that twelve high value claims shot up in value by a total of £25.9m.
These claims further increased in value by £23m between July 2016 and June 2017, owing to other factors.
- Mactavish lays down the gauntlet on cyber
- Ageas redundancies confirmed
- Simon Matson says ‘complicated fat Arab’ slur regrettable but not discriminatory: Gallagher v Ardonagh
- Discount rate review set to begin
- Industry responds to reports of sexual harassment in Lloyd's
- EY report reveals £1 trillion Brexit exodus
- FSCS recovers £300m for levy payers