Motor claims crank up pressure on Direct Line as Hilton Food also falls
Evening Standard
|November 08, 2022
Rising: Hammerson is big in Brick Lane
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PRESSURE on Direct Line shares continued today after the Churchill and Green Flag business revealed the impact of motor claims taking longer to settle.
The insurer said the delays, which have been caused by court backlogs among other factors, slowed the pace it releases prior year reserves.
This means it now expects a full-year operating ratio of 98% or moderately above, whereas an update in July pointed to a better trend on profitability at below 98%.
Diese Geschichte stammt aus der November 08, 2022-Ausgabe von Evening Standard.
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