Insurers spared claims costs rise.
Insurers have been spared exorbitant increases in claims costs following the Court of Appeal's decis...
Insurers have been spared exorbitant increases in claims costsfollowing the Court of Appeal's decision to increase general damages for
personal injury awards by a maximum of a third.
The Law Commission had recommended that awards of £3000 or more should be
increased by between 50-100%, and awards between £2000 and £3000 by up to
50%.
The new ruling will only affect awards over £10,000, with a tapered
increase applying on damages up to £150,000. The maximum awardable sum
will rise from £150,000 to
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