Record £160 million paid out every day to UK customers - ABI publishes Key Facts 2017
(WorldNews Europe)

Last year a record £160 million was paid out every day by insurance and long term savings firms to customers - equivalent to the cost of around 700 houses - according to latest industry data published today by the ABI. ABI`s sets out the vital role that insurance and long-term savings is playing in helping households and firms cope with unexpected events and plan for the future, as well as contributing to the UK economy. Payments made to customers: £160 million was paid out every day in 2016 to UK customers which included: £33.3 million to motorists for repairing or replacing vehicles and in personal injury claims. £12.9 million in property claims, of which £7.4 million was to homeowners,...