Tag Archives: Personal injury discount rate

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Personal Injury Claims

Motor InsuranceBy Peter Brown 18th July 2019

Today, the Lord Chancellor Rt Hon David Gauke MP issued a statement on the discount rate that is applicable to personal injury lump sum compensation payments – known commonly as the Ogden rate – adjusting it from the level of -0.75% to -0.25%. The move will come into effect on August 05 this year. The…

Insurance claims set to reduce

Motor InsuranceBy Peter Brown 29th March 2018

At last some good news for motorists. The Government have introduced a Bill to reform the law relating to whiplash claims and the way in which personal injury claims are handled. Known as the Discount Rate, this determines the compensation people receive following an accident. Road traffic collisions have fallen by 11% in the last…