Injuries reduce profits.
Insurance giants Independent Insurance and Zurich Financial Services both warned their full-year pro...
Insurance giants Independent Insurance and Zurich Financial Servicesboth warned their full-year profits for the year 2000 will fall below
expectations. Zurich stated it had had to pay £344m in extra costs last
year and both companies said the rise in personal injury liability
insurance in the UK had contributed to their performance. Independent
stated it had also had problems with its French operations and Zurich
claimed winter storms had increased payouts.
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