It is easy to ask the point of buying insurance, such as auto and home insurer seem to spend more time trying to make their way out of paying for claims Wiesel, as they actually give.
The headlines are full of moans and groans from insurance companies about fraudulent claims, in particular crash for cash accident, personal injury claims and kerfuffle with the government on the protection of flood risk homes.
So the insurance Blogger decided in the Association of British Insurers website for some more information drill down.
Of course, the ABI is trying to tell everyone how many claims are treated. The figures are for 2011 and are the latest available:
Buildings insurance: 2.1 million claims worth £ 3.3 billion or £ 9,000,000 per day. By average claim is £ 10,200 for fire, £ 1,500 for theft and £ 30,000 for floods
Car insurance: 3.2 million claims worth £ 7.1 billion or £ 19.4 million every day
Damage: 1400000000 pounds was paid at an average of £ 3.7 million a day
Work-related: 2200000000 demands £ or £ 5.9 million per day for both workplace injuries to employees and customers and professional indemnity cover
"Insurers have made an underwriting loss of private car insurance for seventeen years in succession, you will pay more in customer claims and expenses, as they of the premium customers", said the ABI.
"2010 was the worst result of the records. The number and cost of personal injuries soared, and the ABI is working hard with the government on the civil law reform, so that costs are reduced and the premiums for the customers to come down.
Amazingly, the ABI also said that insurance companies have failed to make a profit on employers liability insurance since 2005. In 2011, £ 882 million was paid in premiums, but £ 1 billion was paid to make to settle claims.
The ABI failed to give figures for house insurance profitability in the round-up, so that the insurance Blogger she takes in the profit is.
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