For every £1 paid out to settle injury claims, an additional 93p are paid out in legal fees, according to the Association of British Insurers (ABI) data. Moreover, unaffordable, unsustainable and unacceptable legal fees in settling motor personal injury claims now cost UK consumers £1,666 every minute. The report found that £876million each year was… Continue reading »
Mar
06
UK – European Whiplash Capital
The Association of British Insurers says that its members receive almost 1,500 claims of this type every day, worth £2bn a year. Whiplash happens when soft tissues in the neck are damaged by sudden movement, and are often linked to road accidents in which the patient’s car has been hit from behind. One of the… Continue reading »
Jan
25
Claims Data Exchange to Reduce Motor Trade Insurance Premiums
Motor Insurer’s Bureau chief executive Ashton West claims insurers should thrash out deals with the Claims and Underwriting Exchange that attempts to collect all claims histories. West hoped that by 2014 companies will be able to instantly access a customer’s claims history. The news follows on from the exciting revelation that insurance brokers are to be… Continue reading »
Jan
16
Whiplash Claims on the Rise
Whiplash claims in Britain are twice as high as other countries. They are the most common road traffic accident claims. The most common whiplash compensation claims are made for neck injuries sustained as a result of a road accident. It is estimated that some form of whiplash injury occurs to car passengers in 20% of… Continue reading »
Dec
12
Car Insurance Scams
Lately there has been a considerable increase in the number of highly organized car insurance scams in the UK the most common of which were of the type “crash for cash”. These include “deliberate” accidents caused by different criminal gangs who crash into innocent drivers in order to scam a fortune from fake insurance claims… Continue reading »
