Liability Risk and Insurance
Awards and settlements
The Criminal Injuries Compensation Board
received 78,900 applications and made payments of £195mn to 46,000 victims of crime in 1999. Since it was set up in 1964,
payments have totalled £2bn. These range, for example, from £1,000 for a fractured rib to £250,000 for quadriplegia – significantly
lower than compensation awards in the courts.