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UK accident solicitors have continued to express their views concerning how personal injury claimants should be compensated. The compensation Row and accident victims have also continued to raise their genuine concerns about how the compensation funds are invested. For instance, a QC who assists seriously injured victims has to make several home visits to see clients. Some of the victims are forced to sleep downstairs since they cannot get up-stairs on their own. Therefore, people who have suffered severe and live-changing injuries need to be compensated well because their capacity to work is affected and they are usually bound to a wheelchair for life. The compensation issues also affect insurers, customers, and families. For instance, a victim who pays higher vehicle insurance premiums needs to be compensated fairly after experiencing severe personal injuries. The main challenge is that stakeholders in the criminal justice system including JSC, MOJ, and accident solicitors have failed to agree on how the victims should be compensated. Brett Dixon, the head of Association of Personal Injury Lawyers, points out the fear factor cannot be ruled out when conversing with a critically injured person and his or her family. Failure to secure sufficient compensations for claimants and their families means that they will lack fundamental finances to meet their basic needs. Most people who get involved in a serious car or road accidents suffer life-changing injuries that adversely affect their capacity to work and provide for their families.Damages from NHS or insurance firms, especially clinical negligence claims, can amount to millions of pounds since calculations are made based on lost earnings, housing needs, and care needs.

Accident solicitors have also affirmed that personal injury claims take an unfairly long period to settle, 7 years or more. The pertinent issue of delayed compensation has been politicised in the recent past but the UK government has supported the view of revising the compensation upward. The Association of Personal Injury Lawyers has decided to file a suit against the government for failure to review the compensation rates as soon as possible.  In 2017, the Government launched a consultation forum on how to change and improve the system. The new system is expected to increase the compensation rates. The JSC is calling for sufficient evidence on how claimants invest their funds. The decision involves shifting to the Ogden discount rate and the rate is usually utilised to compute the size of lump-sum damage compensations.  Typically, it is a presumption about the ROI or interest that the claimant can expect to realise on the invested funds. The higher the lump-sum compensation the lower the discount rate and vice versa is true. The Ogden rate has remained at 2.5% or many years. Accident solicitors have claimed that that the rate has remained too high in an environment paralysed by a low-interest rate.

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Post Author: Abadvionand