[Luckypants]

Originally Posted by PyroUK

Was covered in more depth in a recent post about insurance but the trimmed down version is:

The Ogden rate was 2.5% discount it's now a -0.75% additional.

This change had significantly increased all rates for providers that have to deal with personal injury to account for the massive increase.

Now that may not sound a lot but that rate is applied to "proper" PI claims, not your run of the mill BS whiplash etc. Like actual life altering ones. As an example a claim which could have been paid at c2-3m will likely now be closer to 8m

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Thanks, interesting.