Admiral profit up 4% despite insuring 380,000 fewer vehicles

Company says it had to increase premiums, up 20% in first half of year, in response to high inflation and rising costsThe car insurer Admiral has turned a profit in the first half of this year despite covering 380,000 fewer vehicles, after it put its premiums up by 20%.That price increase came on top of a 20% rise in the previous six months, meaning the cost of cover has gone up by about 44% over a year. Continue reading...