Admiral Profits Rise After Motor Injury Rules Change
Law360, London (February 7, 2020, 1:34 PM GMT) -- Motor insurer Admiral Group expects a full-year profit boost of up to 13% because of a change in the way compensation for the most severe personal injury claims is calculated.
The Gibraltar-registered insurance giant said in a trading statement on Friday that it expects full-year pretax profit for 2019 to be between £510 million ($660 million) and £540 million, an increase from profit of £479 million in 2018.
The company attributed the bounce to the “unusually positive development” of a change in the government’s so-called Ogden discount rate, which sets how much those suffering from a life-changing injury should get in a...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!