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Insurer agrees to £4m compensation settlement with victim of road accident

Insurer agrees to £4m compensation settlement with victim of road accident
An insurance firm has come to an agreement concerning a compensation package for a man who was seriously injured in a road accident.

At the age of 16, Carl Hannay was riding his moped on a ring road in the north-east Hampshire town of Basingstoke when he was struck from behind by a Jaguar XJ6.

Due to the force of the impact, he suffered serious head injuries which left him in a coma for six weeks, the Basingstoke Gazette reports.

Now 22 years old, Mr Hannay has made a partial recovery from his injuries but will require care for the rest of his life.

During a recent hearing at the high court in London, the Jaguar driver's insurers, Norwich Union, agreed to a settlement under which an initial payment of over £2 million will be made.

Following this, annual index-linked payments will be made to cover the cost of Mr Hannay's care until he dies.

Kimberley Owen, partner at Russell Jones & Walker, commented: "The high level of damages in this case reflects the devastating impact that this tragic accident has had upon this young man's life"