PI claims costs to rise to £9.7bn by 2014
A report by Datamonitor has found that costs faced by the personal injury insurance industry are likely to keep climbing for some time – rising from £8.4bn in 2010 to £9.7bn by 2014 – driven by the growth in the number of motor personal injury claims.
The rise will continue despite new regulations being brought in to tackle the problem, finds Datamonitor.
The report shows that despite a fall in the number of road traffic accidents, motor claims
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