Weather hit and 'transformational' costs drive Co-op Insurance into the red for H1

snow

Co-op’s insurance arm made an operating loss of £14m in the first half of 2018, which it says was largely due to weather claims.

It is among a slew of insurers that took a hit from a harsh winter that saw the Beast from the East bite into their profits. Co-op saw larger losses than in the first half of 2017, when its operating

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Editor’s View: As the Labour government turns to insurance to solve the UK’s social care funding crisis, Emma Ann Hughes outlines what health secretary Wes Streeting needs to do to convince the sector’s chiefs that creating cover will be good rather than detrimental for the industry’s health.

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