PPOs on the decline, says Willis Re

The number of Periodical Payment Orders (PPOs) awarded in the UK
is heading for a decline thanks to a stabilisation in the claims
environment, according to Willis Re.
In its latest UK Motor Development Review, the broker said that
more positive investment conditions set against a falling Annual
Survey of Hourly Earnings index - which is used as a benchmark for
PPO payments - have seemingly prompted a drop in the number of PPOs
awarded.
In addition, claimants in today...