IAG boss Nick Hawkins flags chance of fading bill shock for motor insurance premiums

There's a glimmer of hope that the pace of currently eyewatering insurance premium increases might soon start slowing. IAG chief executive Nick Hawkins says with inflation slowing, motor insurance premium bill shock could be gradually reduced. Revealing a 7.9pc rise in full year profit to $898 million, Mr Hawkins says the company wants to minimise the impact of premium increases on customers. Reporter: Peter Ryan, Senior Business Correspondent Featured: Nick Hawkins, chief executive, IAG