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Mon 04 Apr 2010Is it time your insurance fell?
BUILDINGS INSURANCE:THE EXTREME FROST and snow in the early part of this year had barely melted before the insurance industry began preparing its damp and frozen customers for even more bad news in the form of premium hikes.
Stark estimates were released to the media indicating that the cost of claims arising from the burst pipes in January and the flood damage in November would exceed €500 million. Wringing their hands, the companies indicated that they would have no choice but to impose large premium increases on their customers.
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