Insurance costs to rocket in 2009?

GlasgowGirl

Facilitator
Jul 22, 2008
287
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I read an interesting article today which says that insurance costs will increase sharply in 2009. This is because much of the profit that insurance companies make comes from investing premiums in the stock market, and they have not made money from this in the past year.

The article suggests that consumers should review what insurance they really need and see if they can cancel any policies, as well as shopping around for the best premium of course.