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Discount rate should be not be more than 1%, insurers say
Most insurers believe the personal injury discount rate should not be increased above 1%, according to a poll by City firm BLM. Partner Antony French told a webinar hosted by the firm, which specialises in insurance work, that damages awards of over £10m had become “common”.
Chambers joins claims investigators to offer insurers private prosecution service
A set of chambers has teamed up with a claims investigation company to provide a private criminal prosecution service for insurers who believe they are victims of fraud – a move described as the “first of its kind”.
Government increases Mesothelioma Act payments
The government has announced that it will increase tariff payments under the Mesothelioma Act to 100%, rather than 80%, of the average damages they would have achieved in the courts.
Welsh government lacks power to pass asbestos bill, Supreme Court rules
The Welsh government lacks the power to pass a bill making employers who pay compensation to asbestos victims directly liable to it for the cost of their NHS care, the Supreme Court has ruled.
Legal expenses insurers have good reason to avoid non-panel firms, leading provider claims
Law firms which are not members of legal expenses insurers’ (LEI) panels charge “significantly higher” fees which “dwarf” those of panel firms, a leading LEI provider claimed yesterday.
