Admiral urges rethink on injury claim reforms
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| Title: | Admiral urges rethink on injury claim reforms |
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| Authors: | Lucy Burton; Sam Dean |
| Source: | Daily Telegraph (London). 08/17/2017, p29-29. 1. |
| Abstract: | THE boss of insurer Admiral has urged the Government to row back on changes to the rate used to calculate personal injury claims, warning that the country's youngest drivers will be most affected by the "unnecessarily extreme" measures. The Government is currently carrying out a consultation into the so-called "discount rate", used to determine insurance payouts to those who have suffered life-changing injuries. Earlier this year it changed the calculation from 2.5pc to minus 0.75pc in a move that shocked the industry. The decision is set to send premiums higher for car owners and cost the insurance industry millions. [ABSTRACT FROM PUBLISHER] |
| Database: | Newspaper Source Plus |
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| Abstract: | THE boss of insurer Admiral has urged the Government to row back on changes to the rate used to calculate personal injury claims, warning that the country's youngest drivers will be most affected by the "unnecessarily extreme" measures. The Government is currently carrying out a consultation into the so-called "discount rate", used to determine insurance payouts to those who have suffered life-changing injuries. Earlier this year it changed the calculation from 2.5pc to minus 0.75pc in a move that shocked the industry. The decision is set to send premiums higher for car owners and cost the insurance industry millions. [ABSTRACT FROM PUBLISHER] |
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