{"id":65756,"date":"2017-09-08T00:13:47","date_gmt":"2017-09-07T17:13:47","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-insurance-payouts-to-shrink-after-u-turn-on-lump-sum-formula\/"},"modified":"2017-09-08T00:20:46","modified_gmt":"2017-09-07T17:20:46","slug":"uk-insurance-payouts-to-shrink-after-u-turn-on-lump-sum-formula","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-insurance-payouts-to-shrink-after-u-turn-on-lump-sum-formula\/","title":{"rendered":"UK insurance payouts to shrink after U-turn on lump sum formula"},"content":{"rendered":"


\nHefty rises in car insurance premiums will level off as industry backlash forces government to revise Ogden rate changesIncreases in payouts to victims of car crashes and botched operations are to be scaled back after a furious backlash by the insurance industry against Ministry of Justice plans. In a significant U-turn by ministers, changes to the so-called \u201cOgden rate\u201d used to calculate compensation payouts are to be revised, after insurers said they would inflate car insurance premiums by hundreds of pounds. Continue reading…
\n
\nSource : theguardian.com
\nRead more…UK insurance payouts to shrink after U-turn on lump sum formula<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Hefty rises in car insurance premiums will level off as industry backlash forces government to...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-65756","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-h6A","jetpack-related-posts":[{"id":93909,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/car-insurance-costs-fall-as-fears-over-payout-changes-subside\/","url_meta":{"origin":65756,"position":0},"title":"Car insurance costs fall as fears over payout changes subside","date":"July 16, 2018","format":false,"excerpt":"\r Average premium drops to \u00a3752 after rising to \u00a3847 in second quarter of 2017 The average cost of car insurance has tumbled by more than a 10th over the past year, as fears subsided about potentially huge increases in payouts after car crashes.Insurers raised premiums sharply in 2017, partly\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":46857,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/young-drivers-to-bear-the-brunt-as-car-insurance-costs-continue-to-rise\/","url_meta":{"origin":65756,"position":1},"title":"Young drivers to bear the brunt as car insurance costs continue to rise","date":"March 6, 2017","format":false,"excerpt":"\r Changes to the way payouts for injury claims are calculated could see premiums soar by up to \u00a31,000 for drivers under 25Getting the keys for a first car is a milestone in the lives of many young people. Another is the arrival of the first insurance bill, which shows\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":56280,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/car-insurance-in-uk-hits-record-high-as-tax-rate-on-premiums-increases\/","url_meta":{"origin":65756,"position":2},"title":"Car insurance in UK hits record high as tax rate on premiums increases","date":"May 29, 2017","format":false,"excerpt":"\r IPT moves from 10% to 12% on 1 June, while average policy reaches \u00a3800, says price comparison site The average cost of car insurance will hit a record high as a higher rate of tax on premiums comes into effect, pushingup prices even further.According to comparison website comparethemarket.com, the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":85538,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/car-insurance-prices-fall-for-first-time-since-2014-amid-whiplash-crackdown\/","url_meta":{"origin":65756,"position":3},"title":"Car insurance prices fall for first time since 2014 amid whiplash crackdown","date":"April 16, 2018","format":false,"excerpt":"\r UK average in the first three months of 2018 was \u00a3768, with men still paying more than womenCar insurance prices in the UK have recorded their first year-on-year fall since 2014, following reforms to whiplash payouts and a review of compensation paid to victims of motor accidents.According to comparison\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":52494,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/average-uk-car-insurance-premiums-up-8-in-a-year\/","url_meta":{"origin":65756,"position":4},"title":"Average UK car insurance premiums up 8% in a year","date":"April 21, 2017","format":false,"excerpt":"\r Association of British Insurers says typical cover is now \u00a3462 as whiplash claims and tax hikes hit motorists hardHigher taxes and whiplash claims have pushed the average car insurance premium up by 8% over the last year, adding \u00a334 to the average annual cost for drivers, according to the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":42689,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/car-insurance-premiums-at-highest-level-ever-say-insurers\/","url_meta":{"origin":65756,"position":5},"title":"Car insurance premiums at highest level ever, say insurers","date":"February 3, 2017","format":false,"excerpt":"\r Association blames whiplash claims, repair bills and rise in insurance premium tax for rise at more than five times rate of inflationCar insurance premiums have hit their highest recorded levels ever and rose at more than five times the rate of inflation during 2016, according to the Association of\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/65756"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=65756"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/65756\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=65756"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=65756"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=65756"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}