Motor insurers braced for Ogden hit

Change to the way compensation payments are calculated could wipe millions off insurers’ profit
Thursday 16 Feb 2017 Author: Tom Sieber
The Government is poised to announce a change in the rate used by courts to work out compensation payments for victims of car accidents. This could have a significant impact on motor insurers and their share prices. Our preferred name in this space, Hastings ( HSTG ) , looks relatively unaffected by the anticipated changes and could even benefit in some respects. WHAT IS THE OGDEN RATE? The Ogden...

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