Biba sends warning on Ogden rate decision delays

UK money

The British Insurance Brokers’ Association (Biba) has warned that further delays to a decision on how the discount or Ogden rate is set would “exacerbate” the problems already caused by the shock reduction of the rate to -0.75% earlier this year.

Biba executive chairman Graeme Trudgill said in a statement: “While more evidence may be useful to provide confidence that claimants will not be under-compensated, we feel that the Government already has much evidence to demonstrate that in the real

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