Daily Insurance Industry News
 
 
Daily Insurance Industry News
Sunday 19th of May 2013
March 15, 2012

ABI petitions for business in compensation culture

by Gill Montia

Story link: ABI petitions for business in compensation culture

The Association of British Insurers (ABI) is calling for action to free businesses from the fear of the UK’s compensation culture and overzealous interpretations of health and safety rules. ABI data reveals that for every £1 paid out to settle “slip and trip” style liability claims, an additional 93p is paid out in legal fees. [...]



February 24, 2012

Personal injury legal fees cost UK motorists £2.4m a day

by Gill Montia

Story link: Personal injury legal fees cost UK motorists £2.4m a day

Unaffordable, unsustainable and unacceptable legal fees in settling motor personal injury claims now cost UK consumers £1,666 every minute, according to the Association of British Insurers (ABI). The ABI claims that UK consumers are paying £2.4 million a day through their motor insurance premiums, to cover legal fees incurred in settling low-value motor personal injury [...]



September 8, 2009

Itsmyclaim.com supports businesses against accident management claims

by Richard Kilner

Story link: Itsmyclaim.com supports businesses against accident management claims

Increasing litigation in the UK has seen a proliferation of accident management firms handling personal injury claims. However, businesses can now fight back and save millions of pounds as Itsmyclaim.com enables individuals to handle their own personal injury claim. The website, specifically designed to be user friendly, permits individuals to deal with their own claims [...]