The debate about the personal injury discount rate in Northern Ireland is a combination of big political forces, small political points-scoring and, perhaps, some missed opportunities, argue BLM Director of Policy & Government Affairs Alistair Kinley and Partner Patrick Connolly.
Writing for Insurance Post, they said:
"It seems to us that the new rate-setting framework in the Bill is likely to deliver a PIDR somewhat higher than minus 1.75% and perhaps closer to the Scottish figure of minus 0.75% given that the Bill is nearly identical to the legislation in force there."
Click here to read the article in full (subscription required).
Originally published 13 Oct 2021
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
