Discount rate cut could triple PI claims costs: Marsh

personal-injury-claim

Changes to the personal injury discount rate could increase the cost of personal injury claims by as much as three times, according to Marsh.

The broking giant warned client’s to prepare for insurance rate rises at renewals, estimating that personal injury claims could increase by as much as one-and-a-half to three times under the new

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Irish guidelines for assessing damages to push up premiums

Aine Tyrrell, partner at law firm DAC Beachcroft, explains why fresh guidelines for the assessment of damages in Northern Ireland could add to the costs faced by insurers and contribute further inflationary pressure to premiums for liability and motor products.

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