LV eyes premium increases following £13m Ogden blow
LV has been hit with a £13m blow as a result of the Ogden rate, which the insurer said could push up premiums by 1%.
The insurer saw its operating profit of £48m shrink to £35m as a result of the discount rate change to minus 0.25%, rather than the 0% that the company had reserved for.
Even so, the result was an
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