Structured settlements working party

Document description

This paper considers the possible application of structured settlements in personal injury compensation. We consider the advantages and disadvantages of alternative methods of compensation. We outline a prospective view of potential future developments both from the perspective of individual claimants and defendants (usually an insurer). Principles of UK Compensation system. Structured settlements. Comparison of alternative settlement methods. Recent developments in UK personal injury compensation. International. Ways forward for compensation in the UK. Assessment of damages in liability claims. Extracts from the Wells judgement. Institute response to Lord Chancellor's Consultation Document. Analysis of mortality risk. Defendant claim practioner's perspective. This paper is being prepared in a rapidly moving landscape of changing personal injury compensation. The Wells, Page and Thomas Judgement (Wells judgement), the Woolf reforms and Lord Chancellor's Consultation on the discount rate for personal injury compensation are all significant recent developments.