Steep cut in Ogden rate would cost £4.9bn: Willis

A 3 percentage point cut in the UK's Ogden discount rate for
personal injury compensation would lead to a one-off reserve charge
for the insurance industry of about £4.9bn ($6.1bn), according
to Willis Towers Watson.
The broker's worst-case estimate assumes the Lord Chancellor
agrees to a demand from the Association of Personal Injury lawyers
to cut the rate to minus 0.5 percent from 2.5 percent, something
that few analysts are predicting.
A cut of that magnitude would also add about...