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Drivers over the age of 70 are being targeted by insurance firms - with many facing price hikes in excess of 50% when they renew their policies.
The total value of subsidence payouts, at £54 million, jumped by 21% compared with the second quarter of 2022, the ABI said.
Jen joined Insurance Post as a reporter in 2018. She has won Willis Towers Watson’s insurance and reinsurance newcomer of the year twice in a row, in 2018 and 2019. Also in 2019, Jen was Biba’s trade press journalist of the year and won the gold award for financial journalism category at MHP’s 30 to Watch awards, beating off competition from Guardian and Which? In 2020 she was shortlisted in four categories at the Headline Money awards, including best B2B story and B2B journalist of the year, and took home the title of B2B General Insurance Journalist of the Year.
Drivers over the age of 70 are being targeted by insurance firms - with many facing price hikes in excess of 50% when they renew their policies.