UK Car Insurance Companies Feel Pressure From Fast Rising Repair Costs – Bloomberg

July 14, 2022 by No Comments

The cost of car repair has shot up so fast that it’s piling pressure on UK insurance companies.

Sabre Insurance Group Plc shares plunged more than 42% on Thursday after warning that everything related to an insurance claim — the car parts, paint, labor and the cost of replacing the vehicle — has risen faster than expected. 

Source: https://www.bloomberg.com/news/articles/2022-07-14/car-repair-costs-are-rising-too-fast-for-uk-insurers-to-keep-up

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