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.”
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