Household to become 'new motor' as insurers warn of price hikes to come
Insurers have issued a stark warning that home insurance could become the 'new motor', with years of unprofitability followed by unpopular price hikes, prompting a government and consumer backlash.
Allianz UK CEO Andrew Torrance admitted last week that the company's broker household business had been forced to take "a couple of percentage points out of our rates to support volumes" to target key
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