ABI calls for end to compensation culture
The Association of British Insurers (ABI) has called for reform of Britain’s compensation culture laws claiming that UK consumers pay £2.7m a day to claimant lawyers through their motor insurance premiums.
The trade body, which said that the number of personal injury claims received by insurers leapt 72% between 2002 and 2010, added that the UK's "broken" compensation system heaped costs onto consumers, taxpayers and businesses with the NHS alone paying out £257m in lawyers' fees in 2010 to 2011.
It argued Canada, Australia, Germany and Ireland had acted to reform their compensation systems with the cost of motor insurance falling by 16% in Ireland following reform. The ABI also said that in
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