ABI wants compensation system reformed swiftly
In April 2007 the government published proposed reforms to the compensation system designed to speed up the process and enhance its efficiency.
The UK insurance industry is now calling on the government to enact the proposals with all possible haste.
The ABI’s director general, Stephen Hadrill, has stated he wants to see the system reforms go through swiftly, and that they would prove advantageous to claimants.
Hadrill cited the lengthy typical time of three years it takes for a workplace claim to be processed as an example of why the system is in such urgent need of reforming.
Motor claims are also extremely lengthy, lasting two years on average.
He went on to criticise the adversarial nature of the system, in addition to the frequently unnecessary research conducted by lawyers.
Category: Insurance News
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