General Insurance Article - Joint statement from Philip Hammond and the ABI


A joint statement from the Chancellor Philip Hammond and the Director General of the Association of British Insurers, Huw Evans, following a discussion with insurance firms on the personal injury discount rate.

 “Claimants must get the money they’re entitled to following an injury in order to support their future needs.

 “It is important that going forward, personal injury discount rates are set at a level that is fair to both claimants and consumers.

 “The government will progress urgently with a consultation on the framework for setting future rates, and bring forward any necessary legislation at an early stage.

 “The industry will contribute fully to the upcoming consultation, and the government will carefully consider all evidence and arguments submitted.”

Back to Index


Similar News to this Story

Are you testing your smoke alarms often enough
Only 6% of residents follow safety recommendations for smoke alarms. More than one in 10 never test their alarms. Forgetfulness is given as the main r
SolvencyII review EU must unlock capital for Europes future
Insurance Europe welcomes the launch of the European Commission’s consultation on the Level 2 technical measures of the Solvency II review. It is an o
Mapathon puts Worlds vulnerable communities on the Map
The insurance data and analytics team at LexisNexis® Risk Solutions in the United States and Ireland have led a Mapathon in support of Missing Maps, a

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

Email
Password
 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS

WikiActuary

Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.