Business insurance premiums will rise following rate cut

Business Insurance Rates

A campaign from the Reserve Bank will cause companies in Australia to pay more for coverage. One of Australia’s leading business insurance companies has revealed that it will be required to increase the premiums it charges in order to compensate for the aggressive cut in rates by the Reserve Bank, which are eating into the insurer’s investment earnings. This latest news was announced ahead of the monthly meeting of the country’s central bank. The commercial arm of the business Insurance Australia Group has stated that it doesn’t see any other…

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