Ogden rate change pushes up UK motor rates in Q1

UK car insurance premiums have risen by 16 percent year-on-year
since the government's decision to raise the slash the injury
discount rate.
Data from Willis Towers Watson and Confused.com showed that car
insurance premiums in the UK were up 3.5 percent in March alone.
In February, Lord Chancellor Liz Truss cut the discount rate for
compensation payments to injury claimants, known as the Ogden rate,
from 2.5 percent to minus 0.75 percent - a change described as
"crazy" and "reckless&...