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Need To Know: Motor Premiums 'Set to Rise 10 Per Cent'

Mar 11, 2007


MOTORISTS are facing yet another rise in driving costs, with insurance premiums set to rise 10 per cent in the coming year.

Insurers say they are paying out more in claims than they are receiving in premiums.

The prediction of an increase comes from the car insurance internet search engine

It said not all drivers would face increases and that some insurance companies would offer incentive deals to soften the blow of premium rises. managing director Debra Williams said the average claims payout was GBP 109 for every GBP 100 generated in premiums.

Boots decision Alliance Boots said yesterday it would hold a board meeting "as soon as is practical" to discuss an approach from private equity firm KKR. Any decision on whether or not Alliance Boots, which operates in 15 countries, opens its books to KKR and consideration of any other course of action will be taken then, a spokesman said. On Friday, KKR said it and Alliance Boots's executive deputy chairman, Stefano Pessina, had made a "friendly approach" at 1,000p a share.

(c) 2007 Scotsman, The. Provided by ProQuest Information and Learning. All rights Reserved.

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