General rate rise will hit hauliers
26th September 1991, Page 7
26th September 1991
Page 7
Page 7, 26th September 1991
— General rate rise will hit hauliers
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• General Accident is raising its truck insurance rates by 9% from 1 October, following a 14% increase six months ago.
Insurance companies are compensating for falling interest rates, which cuts the profit they make on premiums, and losses caused by the many claims for storm damage.
Phil Haywood of broker Bain Clarkson says General Accident's move is typical of the industry at present.
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Bain Clarkson, Phil Haywood