Unilateral consensus on compensation
While attitudes towards compensation are changing for the better, with broad agreement between insurers and government on what needs to be done, defining the problem universally is proving more elusive
Compensation must be one of the most used - and abused - concepts in early 21st-century Britain. Everyone wants to be compensated for something, but nobody wants to pay it. Crudely simplistic? Maybe, but not far from the truth.
According to the Daily Mail and many in the insurance industry, we are in the grip of a US-style compensation culture. Prove it, cry the claimant lawyers in response. This has been the sorry state of the debate on a crucial issue for the last couple of years. But this
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 info@insuranceage.co.uk.
You are currently unable to print this content. Please contact info@insuranceage.co.uk to find out more.
You are currently unable to copy this content. Please contact info@insuranceage.co.uk 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 info@insuranceage.co.uk
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 info@insuranceage.co.uk
Most read
- ‘Not right’: Biba CEO Trudgill reveals sad letter of small broker crushed by regulation
- Biba 2024: Aviva not afraid of ‘tough’ conversations, but ‘categorially’ committed to broker PL, says MD Morris
- Biba 2024: Work from home being used as a ‘bargaining chip’ in luring broker talent