as declared in “As a direct result of this change, we anticipate an increase of £50 to £75 on an average comprehensive motor insurance policy.
He said: “This announcement will have a significant adverse impact on motor insurance prices that drivers pay and also commercial insurance rates paid by small businesses.
Ms Truss announced she was cutting the so-called ‘discount rate’ that is used when calculating compensation payments to people who suffer life-changing injuries.
And she said the Chancellor would be meeting with the insurance industry to discuss the changes.
The Tory veteran said: “The principle that people should receive full compensation for the losses that they have suffered is a reasonable one.
as declared in According to data from the Office for National Statistics published on Tuesday, January’s rise was the biggest since June 2014.
That explains the sharp fall in the share prices of some insurance companies in response to the decision.
Nicolas Mackel said there had been “strong interest” from US and other non-EU firms assessing their options since June’s referendum.
Fire departments were all but over-run, dealing with the rivers of crocodile tears cried on those customers’ behalf.
The rate is linked to the rate of interest payable on Government bonds, or Gilts, in theory the safest home for claimants’ compensation cash.
as declared in
collected by :Olivia Mathio