RBS: motor rates "unsustainable"
Motor insurance powerhouse the Royal Bank of Scotland, which owns Direct Line and Churchill, has inc...
Motor insurance powerhouse the Royal Bank of Scotland, which owns Direct Line and Churchill, has increased its motor rates by 5% since September and the trend is set to continue with other motor insurers set to follow suit throughout 2007.
An RBS statement said: "It has been well publicised in the market that the present position is unsustainable. Premium inflation has been outstripped by claims inflation for the past four years."
The statement continued: "In addition to controlling claims costs
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