IUA and Biba proffer Ogden reform remedies

The International Underwriting Association (IUA) and the British
Insurance Brokers' Association (Biba) have joined the chorus
calling for reform of the Ogden discount rate.
The trade body for non-Lloyd's commercial insurers in London
and the main UK brokers' association both submitted responses
to a government consultation on the rate applicable to personal
injury compensation.
The government agreed to review the rate after shocking insurers
with a 3.25 percent-point cut on 20 February, and spar