
ABI calls for end to compensation culture

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
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact [email protected].
You are currently unable to print this content. Please contact [email protected] to find out more.
You are currently unable to copy this content. Please contact [email protected] to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
More on Insurer
Most read
- Football clubs step up BI court case against insurers
- Action group vows to pursue broker Pound Gates after BI policies fail to pay out
- PIB buys beauty specialist Balens
- Insurtech and ESG suggested to be FCA’s next regulatory focus
- Erimus lifts lid on Gallagher deal
- Drop in insurance complaints at FOS
- People Moves: 27 June - 01 July 2022