IAG pumps $365m into UK reserves after claims deterioration
IAG has ploughed $365m (£207m) into its UK claims reserves following a “significant deterioration” in UK claims experience.
The company, which attributed the one-off charge to bodily injury claims, also warns that its insurance margin will fall to between 6 %and 7%, down from 9.5% to 11% for 2010.
In addition there will be
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