Insurance costs set to rise

21/11/2013

Higher prices look inevitable as the market hardens and FBD insurance has stated that it looks as if there will be price hikes next year.

Stock-market listed FBD made the comment in an interim management statement, where the company said profits for the year are expected to match forecasts.

It is the latest evidence of rising insurance costs, after customers of Royal Sun Alliance, the biggest general insurance company, said it pushed up premiums by 13pc in Ireland this year.