Motor PI portal limit extended to £25,000
The Association of British Insurers (ABI) has welcomed the government announcement to extend the claims limit for settling personal injury motor claims from £10,000 to £25,000.
According to the insurer trade body, the development will mean faster compensation pay-outs for an additional 55,000 people injured in road accidents a year. It added that around 97% of motor personal injury claimants will now be able to claim through the fast track process.
The fast track process was introduced in April 2010 and involved stringent time limits for insurers and legal representatives in establishing any liability, standardised claim forms and fixed legal costs.
The ABI also welcomed
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