Personal injury (PI)
Pool for PPOs splits insurers and reinsurers
Insurers and reinsurers are split over the idea of an industry pooling solution to deal with the size and duration of periodical payment orders, according to a straw poll conducted by actuary Towers Watson.
At-fault payout product could fill 'deliberate' hole in motor market
Concerns have been raised that a new product that "fills a genuine gap" in the motor market could be plugging a hole that has been left deliberately.
Birmingham 'entertainer' turns fraudster in personal injury claim
A Birmingham man has had his personal injury claim thrown out and was ordered to pay costs of over £24 000 after he attempted to defraud Esure.
PPOs up motor excess of loss reinsurance
Fear that periodical payment orders for accident victims create uncertain liabilities has led to reinsurers refusing to offer excess of loss cover to motor insurers, the FT reports.
Motor injury claims cost consumers £1666 a minute
The legal fees involved in settling motor personal injury claims cost consumers £1666 every minute, the Association of British Insurers has found.
Legal chiefs angered by Downing Street snub at the motor premium summit
Only insurers were invited to the Number 10 meeting, leaving many sectors feeling left out in the cold.
Fraud: Organised crime - Bogus claims gangs cast a wider net
The profile of people targeted by gangs to make personal injury claims appears to be changing, with those involved becoming younger and more middle class. The link between youth unemployment and crime rates is hard to ignore.
Medics to tell MPs their reports add value
The British Medical Association and medical reporting firm Premex Group will today tell MPs on the All Party Parliamentary Group on Insurance & Financial Services that medical reports help the personal injury claims process.
Quindell placing to raise £30m
Brand extension company Quindell Portfolio has raised £30m through an oversubscribed placing with institutional investors.
Immediate medical triage may cut whiplash costs
Treatment Network boss Jonathan Cook told delegates that offering whiplash claimants immediate medical triage when they first phoned in their claim prompted 15% of callers to "spontaneously recover" from their injuries.
Law report: Assault by employee cases have contrasting outcomes at Court of Appeal
This law report has been contributed by national law firm Berrymans Lace Mawer.
ABI backs RTA portal extension
The Association of British Insurers has welcomed the government announcement to extend the claims limit for settling personal injury motor claims from £10 000 to £25 000.
Government announces RTA portal extension
The Road Traffic Accident portal for motor personal injury claims will be extended to include claims worth up to £25 000 and, for the first time, employers’ and public liability claims.
Editor's comment: Speculation turns into action
The chatter around ‘Tesco Law’, alternative business structures and law firm consolidation appears to be getting louder each week as another eye-opening deal is unveiled to the media.
Greening’s proposals put the ‘cart before the horse’
John Spencer has reacted following comments made over the weekend about the personal injury system by Transport Secretary Justine Greening.
RTA injuries dive as traffic volumes fall
Motor vehicle traffic levels fell by 0.7% compared to the 12-month period ending September 2010, leading to a 5% fall in the number of injury road accidents reported to the police.
Law report: Biker to blame for horse collision
This law report has been contributed by national law firm Berrymans Lace Mawer.
Broker focus - Personal lines: Survival tactics
Embattled personal lines brokers are facing a tough climate with falling incomes and business volumes, but those willing to adapt to the new environment can survive and prosper.
Rival insurers remain committed to in-house adjusters despite Aviva move
UK insurers have affirmed their commitment to in-house loss adjusters, following the news that Aviva has transferred 80 of its claims staff to a G4S subsidiary.
Marine hull insurers await rating impact in wake of cruise ship sinking
The Costa Concordia cruise ship disaster has been called the largest insurance loss in maritime history with some suggesting it could be “bigger than the Titanic”.
Credit hire: Two sides to the story
Credit hire organisations and insurers are blaming each other for the cost of credit hire. With the Office of Fair Trading conducting a review, will anyone emerge victorious?
Spotlight on whiplash claims highlights importance of good documentation
Recent news stories about whiplash claims are a reminder for doctors to ensure they take robust notes when treating patients presenting with neck injuries following car accidents, according to the Medical Protection Society.
Hospitals ordered to remove PI ads
NHS trusts have been ordered to remove ‘no win, no fee’ adverts for personal injury lawyers featured in leaflets to patients, according to the Telegraph.