APIL president Brett Dixon lambasted insurers this week for underpaying seriously injured people while “quietly reaping the financial benefits” of the outdated discount rate.
"The insurance industry has been vociferous in blaming the correction for rising motor premiums. It is scandalous that the blame for the mismanagement of the discount rate is being put at the door of seriously injured people," he said on BBC News online. Brett’s comments were issued in a press release ahead of a House of Lords debate to address a “motion to regret” the correction of the rate (see the News section below). The comments were also published by The Times, The Independent, and The Guardian online, as well as on legal and insurance industry news websites.