February 27, 2017 / 8:21 AM / 6 months ago

BRIEF-Association of British Insurers-cutting discount rate is "crazy decision"

Feb 27 (Reuters) - Association of British Insurers (ABI):

* ABI says cutting discount rate is "crazy decision", motor and liability premiums will rise

* ABI says NHS will likely have 1 billion pound ($1.24 billion) rise in compensation bills as a result of discount rate cut Source text for Eikon: Further company coverage: ($1 = 0.8061 pounds) (Reporting by Carolyn Cohn)

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