Insurers consider the impact of the proposed U-turn on the Ogden rate
The legal environment for the settlement of serious injury claims in the UK changed radically with the introduction of Periodic Payment Orders.
The volume of Periodic Payment Orders remains low, according to a motor insurance study published by Aon Benfield.
The casualty landscape is ever-changing. Insurers and brokers must be aware of all developments when giving advice
Motor insurers could see a strengthening of their position in coming cycles with one of the key factors inflating re/insurance prices levelling off for the first time.
A High Court judge has ruled that a periodic payment order is not be an appropriate form of damages where there is a significant liability split.
Periodic payment orders could account for a third of insurers’ future liabilities amid increasing frequency in bodily injury claims, according to KPMG non-life actuarial partner David Brown.
From Tennessee to London, over the past few months I have heard a considerable amount about the future of insurance.
UK insurers hoping to see improvements in the periodical payment order regime should carefully monitor a review of PPOs taking place in the Republic of Ireland, according to BLM partner Joe Wakeford.
Next month the Post Claims Club returns with its third quarterly meeting.
The Institute and Faculty of Actuaries has developed a new categorisation for serious spinal and brain injuries aimed at helping insurers better estimate future liabilities.
Figures suggest reinsurers are becoming ‘marginally more comfortable’ with PPOs
The Scottish government plans to increase the limitation period from three years to five years.
Insurers benefiting from non-motor rate reductions across the board.
Periodic payment orders represent a “ticking time bomb” for injury lawyers and insurers alike, according to one speaker at the Association of Personal Injury Lawyers’ annual conference.
The UK’s general insurance sector has failed to engage with a consultation on setting Solvency II liability rules, despite a European Union recommendation that 20% of the sector should contribute for the study to be credible.
This law report has been contributed by law firm Berrymans Lace Mawer.
Periodical payment orders gave motor insurers a headache in the renewals season as reinsurers struggled to come to terms with them.
The UK motor insurance market has witnessed the close of a testing reinsurance renewals season driven by wrangling over excess-of-loss cover and periodic payment orders, with reinsurers keen to limit their liability.