In May 2017, “WannaCry” ransomware reportedly hit over 200,000 computers in 150 countries, affecting many NHS Trusts in the UK. Operations and appointments were cancelled and ambulances diverted as up to 40 hospital trusts became infected by a ‘ransomware’ attack demanding payment to regain access to vital medical records. So what is the reality of a cyber-attack and how can […]
Author: Tom Wood | Date: 17/10/2017
Author: Tom Wood | Date: 10/10/2017
Massive increase in injury claims payments caused by tiny changes in Ogden “Discount” Rate
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
Millions could be underinsured
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 It is now over 6 months old so the content may be out of date.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
Axa Discount rate change fact sheet
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 […]