PPOs present threat to motor insurers
The increase in Periodical Payment Orders will be credit negative for companies with significant personal injury claim exposures, most notably motor insurers and their reinsurers, Moody's Investors Service has warned.
Moody's report, Increase in PPOs: Credit Negative for UK Motor Lines, noted that PPOs are becoming a common way for courts in England and Wales to settle high-value personal injury claims, such as
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