There has been a long history of conflict between insurers and claimant lawyers. Shirley Woolham, chief operating officer at Minster Law, urges mutual understanding and cooperation.
Ogden reform could see fewer shocks from discount rate changes in future, AM Best said.
The insurance industry is not doing enough to protect clients from underinsurance in liability claims as a result of the Ogden discount rate changes, the sector has been warned.
Aviva stands to make a one off gain of between £100m and £200m as a result of any future discount rate revision to 0-1%.
Insurers took to Twitter to express their satisfaction with the new mode of calculation for the discount rate, which the government unveiled today.
Follow reactions to the draft reform to the Ogden discount rate reform in our live blog.
Insurers have welcomed government plans to alter the way the discount rate is set in future.
Commercial and residential landlords are facing increaded risks from a more litigious society and Nigel Todd, head of real estate at JLT Specialty, questions whether liability limits being purchased are sufficient for the increased exposures.
A personal injury claimant has been jailed for making a false claim against Hastings Direct.
When my toddler says ‘fox’, it sounds very rude. I mainly laugh at it but I’m also a bit scared that the next time she spots a fox in our local park, she will point at it, proudly shouting ‘F***! F****!’
Exclusive: Transport for London has paid £900,000 to settle seven personal injury claims from the Croydon train crash in December last year, with 69 claims outstanding.
Assistive technology can provide a cost-effective way of helping claimants with catastrophic injuries, explains Malcolm Henké, partner at Horwich Farrelly.
Personal injury claims management companies earned £2.8bn over the last 10 years, a government report has revealed.
Taxis working the Royal Albert Hall patch this week had their hands and seats full, chauffeuring well-dressed ladies and gentlemen to the prestigious British Insurance Awards
Last month, seven former employees of Autofocus were collectively given prison sentences of more than five years after being found guilty of doctoring hire rate evidence to defend insurers in court against credit hire companies in thousands of cases.
The government is looking to move away from the “outdated” Ogden discount rate mechanism, the City Minister has said.
Seven former employees of Autofocus have been collectively sentenced to over five years after being found guilty of doctoring hire rate evidence to defend insurers in court.
As Her Majesty the Queen delivered her all-important speech to open parliament, insurers had a lot to think about.
The government has put whiplash reform back on the agenda with a promise to tackle “rampant compensation culture” in the Queen’s Speech.
A negative discount rate can have negative consequences for claimants, writes Andrew Parker, head of strategic litigation at DAC Beachcroft.
Some are sounding the death knell of the personal injury reforms but Rob Townend, claims director at Aviva Insurance, explains why insurers must be alive to an increasingly aggressive claims management company industry.
The generosity and heroic nature of Londoners came to the fore this week, when after two recent terrorism attacks the city saw the worst fire in recent history. Firefighters were heralded for entering the 24-storey flaming building and the community came…
With some of the most congested roads in Europe and tailgating a major cause of low speed accidents in the UK, Brett Dixon, Association of Personal Injury Lawyers president, urges insurers to join his member in supporting Injury Prevention Day.
The board of Medco has removed Tier 1 status from four organisations and suspended two as part of its ongoing audit programme.