Law lords ruling will lead to increase in motor premiums.
Motor and employers' liability premiums are set to rise, following a House of Lords decision which w...
Motor and employers' liability premiums are set to rise, following aHouse of Lords decision which will change how compensation for accident
victims is calculated.
Last month, law lords ruled in three test cases that damages should be
calculated on the basis that people invest their awards in risk-free
index-linked government stock (ILGS) rather than equities.
Experts believe the level of damages awarded by the courts could rise by
up to 40%, as it is assumed that ILGS produces annual growth of 3%
c
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