The Government’s decision at the end of February to radically alter the formula for calculating lump sum personal injury payments looks set to have a significant impact on the insurance industry. The ‘Ogden rate’ has been hitting all of the trade press headlines for the past few weeks, with news of increasing premiums, reinsurance adjustments and forecasts of damaged Combined Operating Ratios and insurer profitability. But hold on, what’s Ogden got to do with property and mor