Media

At least one insurer has been able to update their rates after last week’s announcement about changes to the way compensation payouts are calculated. Many insurers were caught off guard by the Ministry of Justice (MOJ) announcement because the reduction in the compensation discount rate is much larger than expected....

The Prisons and Courts Bill has been published and it contains new fixed tariffs for personal injury claims.  The government had originally planned to increase the claim payments limit to £5,000 across the board.  However, the bill sees a change to this plan with a small claims limit of £5,000...

Insurers anticipate that average car insurance premiums could increase by up to £75 a year as a result of a government ruling which was announced today. The Ministry of Justice (MOJ) has announced a new formula for calculating the compensation payments which are awarded to claimants with long-term injuries. Insurers...