Clair Le Poidevin

In the Quarter 4 2017 edition of Bandwagon we looked at the implications of the significant reduction in the discount rate used for damages claims in UK Courts, from 2.5%pa to -0.75%pa (a change of 3.25% which pushed up compensation claims substantially). The subsequent insurance industry challenge to this material change has resulted in reforms introduced by the Civil Liability Act 2018.

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