Written question asked by Adam Price (Plaid Cymru) on Monday, 18 October 2004, in the House of Commons. It was due for an answer on Monday, 25 October 2004. It was answered by Stephen Timms (Labour) on Monday, 25 October 2004 on behalf of the Treasury.

Treasury

Question: To ask Mr Chancellor of the Exchequer, if he will make a statement on the costs of public liability insurance.

Answer: Adam Price: To ask the Chancellor of the Exchequer if he will make a statement on the costs of public liability insurance. [192909] Mr. Timms: The Government is aware of widespread concern about increases in the costs to firms of public liability insurance. In 2003, the Office of Fair Trading conducted a study which examined why premia have increased in product, public and employers' liability insurance and professional indemnity insurance. The study noted that premium increases have followed several years of falling costs. It concluded that the market for liability insurances has not failed and suggested a number of areas of improvement. The OFT have said they will keep the liability insurance market under review.

Secondary information