Zurich's chief claims officer 'disappointed' by Chancellor's decision to increase cost
The Ministry of Justice has laid down a statutory instrument in parliament to change the discount rate applicable to personal injury lump sum claim payments to minus 0.25% The previous discount rate was set at 0.75% by then Lord Chancellor Elizabeth Truss MP in 2017. In light of the decision, which has come following a call for evidence and statutory consultation with the government actuary and HM Treasury, Chancellor David Gauke MP said in a statement: ‘A new framework for setting the rate...
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