Ecclesiastical introduces rate rises after £14m underwriting loss
Church insurer Ecclesiastical plans to put up motor and household rates by up to 15% after posting a half year underwriting loss of £14.4m, which was more than double the £6m it was last year.
This comes as it delivered a group combined operating ratio rising from 94.4% in 2011 to 109.9% in 2012 and the pre-tax profit falling from £16.8m to £8m.
The insurer also incurred £5m losses from
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