Author: Tom Wood | Date: 10/10/2017
Categories: General
Changes to the way lump sum payments are calculated means personal injury claimants will now receive much larger amounts, which we expect will be a major factor in causing insurance premiums to rise. Here, we explain the recent change to the Ogden “Discount” Rate and how it may affect you. The Ogden “Discount” Rate refers to a calculation applied to […]
Author: Tom Wood | Date: 04/10/2017
Categories: General
MONEYFACTS ARCHIVE This article was correct at the time of publication. It is now over 6 months old so the content may be out of date. Having the right level of home insurance cover is vital to ensure you’re completely protected should the worst happen, yet research from NFU Mutual warns that a worrying number of people could be underinsured […]
Author: Tom Wood | Date: 26/09/2017
Categories: General
On Monday 27 February 2017 the Lord Chancellor, Liz Truss, made an important announcement in respect of the Discount Rate, which is used as part of the calculation to determine the amount of compensation to be paid to seriously injured individuals. The significant change to the Discount Rate is one which affects the insurance industry as a whole, as well […]
Author: Tom Wood | Date: 19/09/2017
Cash flow is the lifeblood of a business. When a business cannot trade for any reason the cash flow effect is magnified to the extent it could close a business. A major insurance claim not settled promptly could cause this result. Through no fault of its own a potentially healthy venture may be forced into administration, or worse liquidation, because […]