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Insurance Update - New Ogden rate widely criticised

Insurance Update - New Ogden rate widely criticised

The government's decision to make only moderate changes to the system which sees courts determine how much insurers should pay out to claimants in cases of life changing injury has received widespread criticism.

On 15 July the Lord Chancellor, David Gauke, announced the outcome of the first discount rate review under the new methodology provided for in the Civil Liability Act 2018.

 

Insurance Update - New Ogden rate widely criticised