INSURANCE COMPANIES WANT TO REFORM AMOUNT OF PAYOUTS

Insurers say injury payouts need to be urgently reformed to bring down the price of policies.

Several major firms have recorded a rise in profits, but FBD are warning premiums will remain high until courts bring down their claims costs.

Overall car insurance is now 70% more expensive than it was three years ago.

However AA Roadwatch’s Conor Faughnan says things should start to improve.

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