Direct Line raises average motor rates by 6.6%

Listed UK motor insurer Direct Line increased its motor premium
rates by 6.6 percent in the first quarter, following changes to the
way the Ogden discount rate is calculated.
Direct Line said in a trading update this morning that
risk-adjusted prices had increased by significantly more than that,
and were comfortably ahead of the group's current view of
claims inflation.
However, Bernstein analyst Thomas Seidl noted that the average
rate increase was lower than the rest of the market, which...