Insurer Admiral expects higher profit from lower motor injury claims

(Reuters) - British insurer Admiral said on Friday 2019 profit is expected to rise 6% to 13% as it was able to release more money put aside for UK motor bodily injury claims written in previous years as those claims were lower."Clarity over the new Personal Injury Discount Rate (the 'Ogden' rate) in July 2019 led to an increase in the number of large claims settling in 2019 compared to recent years which contributed to the level of releases," the company said, adding that there was no change to..