Staking a claim
A series of comprehensive claims reforms have beenintroduced to try to shake up the procedures that result inLloyd’s spending over £8.5bn on claims each year, but noteveryone is convinced. Stephanie Denton reports.
CLAIMS ARE LLOYD’S’ biggest cost, taking about £8.5bn out of the market’s collective pocket in 2004, along with more than £500m in related fees. The last 18 months have seen massive reform in this
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