BEAST FROM THE EAST HITS HOME INSURANCE PRICES

Elinor zuke | May 24, 2018

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Home insurance customers are still suffering from The Beast from the East as annual premiums rise by three times inflation, new analysis1 from insurance market research experts Consumer Intelligence shows. Average home insurance costs rose 7.6% in the year to April to £133 with the cost of claims from the freezing weather in February and March plus the impact of Storm Emma pushing up premiums. Increased competition from insurers for new business helped limit price rises but claims for snow and storm damage means premiums are still racing ahead of the average inflation rate for the economy of 2.5%.

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Ironshore Insurance

Ironshore provides broker-sourced specialty commercial property and casualty coverage for risks worldwide. With more than 30 offices around the globe – including Ironshore’s Lloyd’s Pembroke Syndicate 4000 in London – Ironshore is prepared to meet clients’ complex needs promptly, with local service on a global basis and in-depth underwriting experience across a broad spectrum of industries.

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