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Catch up with the latest press releases from LV=

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LV= responds to yesterday’s announcement from the Chancellor regarding the personal injury discount rate

Press release: 01/03/2017

Commenting on yesterday’s announcement from the Chancellor regarding the personal injury discount rate, Steve Treloar, Managing Director of General Insurance at LV= said; “We absolutely believe that people who are seriously injured should be properly compensated and we’re also committed to ensuring that the premiums of car insurance customers aren’t unfairly hit.

“The recent decision to reduce the discount rate to -0.75% was extremely disappointing, but we're pleased that following yesterday's meeting with the Chancellor the Government has committed to fully reviewing the methodology. We've always said it was the methodology that was obsolete and in need of reform and while it's a shame that this was not decided sooner, this is good news. Ultimately, we want to make sure that a fair outcome is achieved for all parties involved and we will work closely with the Government to achieve this."


For further information please contact:

Kaidee Sibborn, kaidee.sibborn@lv.com

020 7634 4240 / 07738 274 568