Honduras: Insurance more expensive in 2009

The president of the Honduran Insurance Chamber, Jose Luis Moncada, did not rule out that insurance costs may increase next year.

Friday, November 14, 2008

We still can talk about percentages yet; we will complete negotiations with reinsurers at the end of December and that is when we will know how much the increase will be, plus the local costs due to inflation and the economic recession, he added.

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