Industry agrees to reduce premiums if government action cuts legal costs

Prime minister David Cameron reading at his desk

At a high level summit of politicians, industry leaders and consumer groups, David Cameron pledged to help the insurance industry tackle the growing compensation culture, particularly around whiplash claims, and reduce legal costs.

One of the standout measures agreed was the government’s commitment to reduce the £1,200 fee that solicitors earn from small value personal injury claims.

In return, the industry agreed to pass on the savings to the customer. This has been a long-standing demand of

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 copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: