Biba sends warning on Ogden rate decision delays

UK sterling twenties

The warning comes after the Justice Committee said more evidence was needed before the government can make a decision on how the rate should be set.

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

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk.

You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Insurance Age? View our subscription options

Register

Sign up and gain access to five complimentary news articles every month.

Already have an account? Sign in here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: