UK motor rates jump 10% Y/Y

UK private comprehensive motor insurance rates increased by 10
percent year-on-year in the second quarter of 2016, according to
the Association of British Insurers (ABI).
Rates also rose 1 percent compared to the previous quarter.
The ABI said the figures demonstrated ongoing upward rates
pressure, which was attributable to increases in Insurance Premium
Tax and the rising cost of personal injury claims.
Average premiums costs in Q2 hit £434, up £39 on the
same period last year.
The