Firms offering legal expenses insurance could face heavy losses from "draconian" whiplash reforms.
The summer of 2001 saw Tony Blair and Labour elected for a second term, the London Stock Exchange go public, and Lance Armstrong win his third Tour de France. It is also when the discount rate was last reviewed and set at 2.5% by the then Lord Chancellor…
Motor premiums will “inevitably” rise again owing to potential changes to the discount rate, insurers have warned.
The government is set to decide whether claims management companies are allowed to continue operating in the personal injury sector.
Spokesman, Access to Justice
It sounds like science fiction, but exoskeletons are increasingly being used in rehabilitation therapy and insurers are getting in on the act.
Cycling as both a sport and a means of commuting currently enjoys a very high profile. Whether for health, convenience or passion, it seems more people are turning to pedal power, and the European insurance industry is beginning to take notice.
The Financial Conduct Authority said customers may be overpaying £108m every year in insurance add-ons, with sometimes less than 10% of retail premiums for add-ons paid out in claims.
Law change could open floodgates to historic claims
More than 35,000 jobs may be at risk if the government’s whiplash proposals go through, a macroeconomics consultancy has claimed.
Personal injury and insurers should create a cross-industry body to see through the various anti-fraud reforms and restore trust in the sector.
Whiplash reforms could cause the courts to become gridlocked with unrepresented personal injury victims and lead to higher taxes, judges have warned.
Working with government, regulators and trade bodies to build public trust in insurance is a common aim of our profession and more important than ever when considering today's unnecessary claims culture.
There has been a profound shift in the provision and delivery of legal services to the insurance industry within the last 10 years.
Insurers and reinsurers will only be too aware of the insured losses that arise on an annual basis from the UK construction industry.
The legal environment for the settlement of serious injury claims in the UK changed radically with the introduction of Periodic Payment Orders.
A new app, using the same technology as Face Time, has been developed with the aim of reducing overall cost incurred by whiplash and injury claims and improve case management.
The government has unveiled plans to make it easier to tackle cold calling.
More than nine out of 10 motorists believe the government should take a tougher line on personal injury cold calling.
The threat of legal action from personal injury lawyers has forced a review of the discount rate for personal injury claims by the Lord Chancellor.
Earlier this year I blogged about a call I took from a rogue claims management company purporting to be a major player.
Access to Justice has written to the government asking for the consultation period for personal injury reform to be extended beyond the current deadline.
Simon Stanfield was elected chair of the Motor Accident Solicitors’ Society the day before the Ministry of Justice published its consultation paper on whiplash reform.
The whiplash reforms intended to reduce fraudulent claims in the UK may cap or scrap cash compensation for minor injuries. What effect will this have for claimants and insurers? A European comparison can provide greater insight.