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Correction: Motor insurance premiums will not rise 30% next year, as reported

News | Published:

THE JEP would like to make clear that a front-page report published on Wednesday under the headline ‘Sweeping rises for motor insurance from next year?’ was incorrect.

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The report inaccurately quoted Rossborough managing director James Anderson as saying that motor insurance premiums could rise by as much as 30% next year.

What he actually said was that motor premiums were 30% to 40% more expensive in the UK and Island premiums were likely to rise, possibly by as much as 30%, over the next decade, with modest rises expected next year. The article may have unnecessarily and unjustifiably worried customers and potential customers of Rossborough.

The JEP regrets the error and would like to apologise both to Mr Anderson and to Rossborough. An interview with Mr Anderson will be published in the next edition of Business Brief magazine.

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