News analysis: Admiral’s claims woes worsen as quarter three results revealed
Admiral’s market followers suffered a painful dose of déjà vu last week when the motor insurer’s quarter three results underscored its rising exposure to large bodily injury claims, and it warned full year pre-tax profits would be lower than expected.
Admiral has had a reality check. When other insurers had previously admitted to being affected by BI claims, CEO Henry Engelhardt had bragged Admiral remained unscathed.
But when the insurer posted
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