Analysis

Insurers must ‘adjust reserves accordingly’ as PI ruling will ‘significantly add’ to claims costs

By 2021-01-11T12:46:00

savings, money, piggy bank

The Swift v Carpenter ruling set the bar for accommodation costs in personal injury cases involving a long life expectancy and low interest rates, but what is the financial domino effect on insurers? Insurance Times takes a closer look

Kennedys associate Kim Boland described the legal action in Swift v Carpenter as “the leading case on accommodation claims” as well as “the leading case on quantifying amputation claims”, with a result that “is not a favourable one for defendant insurers”.

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