Hastings expects drop in 2019 profit, lower dividend
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(Reuters) - Motor insurer Hastings on Friday said it expects a 42% drop in annual earnings because of high claims costs in the final quarter and plans to lower its 2019 dividend, citing a challenging market.Hastings said claims expenses rose in the fourth quarter, with increases in repair and third party credit hire costs, slightly higher winter frequencies than the prior year, and a small number of larger bodily injury losses. The London-listed company, which operates in a highly competitive..