Ogden rate change unlikely to affect ratings: AM Best

AM Best has comforted insurers after what it called a
"drastic" shift in the way personal injury claims are
calculated by saying it does not expect to see any rating
downgrades on the back of the changes.
The ratings agency said insurers and reinsurers with significant
motor books would bear the brunt of the impact from the changes,
however it warned that other liability lines would also be
affected.
In a shock announcement yesterday, the UK government reduced the
discount...