Insurance companies will employ almost any tactic to limit compensation payable to the most seriously injured claimants. The discount rate is long overdue for reform.
claimant lawyers lambasted as “worthy of Scrooge himself” a legal challenge to the justice secretary’s review of the discount rate for the catastrophically injured. The Association of British Insurers launched a judicial review on Monday of Liz Truss’s proposed changes to the way lump sum payments are calculated. Claimant lawyers said the insurance association "does not want to give catastrophically injured people the full support and funding they need, deserve and to which they are entitled”.