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Law firms

‘Taken many by surprise’: Insurance firms brace themselves for personal injury discount rate cut

Legal Business
Legal Business · 28 February 2017 · 2 min read
Legal affairs
‘Taken many by surprise’: Insurance firms brace themselves for personal injury discount rate cut

In a move that could increase the future loss element of personal injury claims by 30% in catastrophic cases, the government is planning to significantly cut the discount rate that calculates the value of injury awards.

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