The size of the premium reflects the risk. The risk is not necessarily in the number of claims but in their size. The insurance company essentially needs to gets its money back and that is why the breadth of the liability, not the number of cases or claims, causes the premium to go up.
Animals Act 1971 (Amendment) Bill
Proceeding contribution from
Bill Wiggin
(Conservative)
in the House of Commons on Friday, 14 March 2008.
It occurred during Debate on bills on Animals Act 1971 (Amendment) Bill.
Type
Proceeding contribution
Reference
473 c527
Session
2007-08
Chamber / Committee
House of Commons chamber
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Timestamp
2023-12-16 00:50:16 +0000
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