Association of Personal Injury Lawyers
A not-for-profit organisation representing injured people

Blog: The insurance industry’s response to the discount rate change is shameless

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The insurance industry’s response to the discount rate change is shameless
Gordon Dalyell | 23 Jul 2019

The insurance industry is set to make savings of around £300 million from changes to the way personal injury compensation is calculated, according to Government figures. The notion that this is somehow not enough, and that consumers will now be stung for higher premiums is both breathtaking and deeply cynical.

The calculation is designed to ensure that people who have suffered catastrophic injuries have the funding they need for their care, for the rest of their lives. These are people who have been injured needlessly because of the negligence of people who have paid for insurance cover for the very purpose of providing adequate compensation to those whose lives they have shattered.

This could be a child who was injured at birth, someone who has suffered life-changing, crippling injuries at work, or a driver who has been paralysed in a car crash.

Injured people should not have to take risks in the way they invest the money which is to last for their rest of their lives. The idea that consumers should pay the price because the insurance industry has not made a big enough saving from this change is, frankly, shameless.

Past blog entries

The tide of public opinion is turning against insurers, 15 Oct 2019
Time for a joined-up strategy to prevent medical negligence, 23 Sep 2019
APIL's new CEO: reflections and looking ahead, 05 Aug 2019
On Workers' Memorial Day, remember those who are left behind, 26 Apr 2019
Discount rate: a view from Holyrood, 26 Mar 2019
A lawyer can run an injury claim, but how do you know he or she is any good?, 04 Mar 2019
NHS Resolution’s Annual Report – Progress?, 13 Jul 2018
Scotland sets a UK standard for injured people , 10 May 2018

About this blog

Gordon Dalyell

Gordon Dalyell has represented Scotland on APIL’s national executive committee for several years and is now the association's president. He has been a partner with Digby Brown LLP in Edinburgh since 1998. He has wide experience in dealing with many areas of personal injury, including accidents at work, road traffic accidents, fatal claims, and public liability claims, as well as claims for miscarriages of justice.