The first quarter of 2009 will see the cost of auto insurance premiums rise in the UK, according to a large majority of underwriters polled in Aon's latest Market Pulse.
The survey was conducted among insurers that underwrote ?23.5 billion ($33.2 billion U.S. dollars at current exchange rate) worth of premiums for UK companies in 2008.
Aon said 92 percent of respondents believed premiums would rise in the quarter, and that could be a “strong indicator” of how other types of insurance will trend, Aon said.
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