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Car Insurance Soars – Like You Didn't Already Know

Well, you may have already noticed this one, but it’s now official: car insurance prices have soared. The Institute and Faculty of Actuaries have shown that last year there was a massive 11% decline in accidents, and yet somehow an 18% rise of personal injury claims. And it is these claims which are forcing insurers to hike their prices.

Well, you may have already noticed this one, but it’s now official: car insurance prices have soared. The Institute and Faculty of Actuaries have shown that last year there was a massive 11% decline in accidents, and yet somehow an 18% rise of personal injury claims. And it is these claims which are forcing insurers to hike their prices.  
 
Speaking to The Sun, the Actuaries' chairman, David Brown, said: "The increase in costs to insurers is likely to result in a rise in motor insurance premiums for drivers.
 
"The clear correlation between claims management office locations and the 'hotspots' for bodily injury claims suggests the two are interlinked. We expect to see legislation coming soon which will affect the way these companies do business."
 
So basically insurers, despite making millions, are being forced to push up their premiums to cover the personal injury claims. 
 
Still, makes you mad, doesn’t it?

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