Menu
04/07/2012
Personal Injuries Claims Soar
Insurance analysts have revealed a sharp rise in the number of people making personal injury claims, following a road accident.
A report from the Actuarial Profession reveals that despite an 11% fall in the number of road accidents in 2011, personal injury claims rose by 18%, potentially costing the insurance industry an extra £400m a year.
New government legislation is planning to limit the amount of money that firms can make from 'no win no fee' cases.
Announced in March 2011 by Justice Secretary Ken Clarke, the legislation would prevent lawyers claiming "success fees" from the losing side. Instead they would receive a share of the damages.
A high petrol price, resulting in fewer journeys, has been cited as the main reason for the 11% fall in motor accidents last year.
The actuaries said that a higher proportion of people involved in these accidents are making claims for personal injury, such as whiplash.
(H/GK)
A report from the Actuarial Profession reveals that despite an 11% fall in the number of road accidents in 2011, personal injury claims rose by 18%, potentially costing the insurance industry an extra £400m a year.
New government legislation is planning to limit the amount of money that firms can make from 'no win no fee' cases.
Announced in March 2011 by Justice Secretary Ken Clarke, the legislation would prevent lawyers claiming "success fees" from the losing side. Instead they would receive a share of the damages.
A high petrol price, resulting in fewer journeys, has been cited as the main reason for the 11% fall in motor accidents last year.
The actuaries said that a higher proportion of people involved in these accidents are making claims for personal injury, such as whiplash.
(H/GK)
Related UK National News Stories
Click here for the latest headlines.
06 October 2003
New scheme for road accident claims unveiled
The vast majority of consumers seeking redress for personal injury in road traffic accident (RTA) claims will benefit from "speedier and more predictable settlements" following the introduction today of a scheme to fix legal costs recoverable from defendants, usually insurance companies.
New scheme for road accident claims unveiled
The vast majority of consumers seeking redress for personal injury in road traffic accident (RTA) claims will benefit from "speedier and more predictable settlements" following the introduction today of a scheme to fix legal costs recoverable from defendants, usually insurance companies.
14 December 2007
Violent Crime Victims 'Compensated Too Slowly'
Victims of violent crime are being compensated too slowly, according to the latest report from the National Audit Office.
Violent Crime Victims 'Compensated Too Slowly'
Victims of violent crime are being compensated too slowly, according to the latest report from the National Audit Office.
28 October 2005
Westminster tops road accident table
More people are killed or seriously injured on roads in Westminster than anywhere else in England, according to a new report. The study, by the Chartered Society of Physiotherapy, found that for every 100,000 people in the London borough, 176 were killed or seriously injured in road accidents in 2003/4, while 1,114 people suffered slight injuries.
Westminster tops road accident table
More people are killed or seriously injured on roads in Westminster than anywhere else in England, according to a new report. The study, by the Chartered Society of Physiotherapy, found that for every 100,000 people in the London borough, 176 were killed or seriously injured in road accidents in 2003/4, while 1,114 people suffered slight injuries.
03 March 2015
Footballer Released On Bail Over Underage Sex Claims
England and Sunderland footballer, Adam Johnson, has been released on bail after being arrested on suspicion of having sexual activity with a 15-year-old girl. The footballer, 27, was questioned by Durham Police on Monday. Sunderland AFC have suspended the player pending the outcome of the investigation.
Footballer Released On Bail Over Underage Sex Claims
England and Sunderland footballer, Adam Johnson, has been released on bail after being arrested on suspicion of having sexual activity with a 15-year-old girl. The footballer, 27, was questioned by Durham Police on Monday. Sunderland AFC have suspended the player pending the outcome of the investigation.
23 April 2012
Consumers Told To Make PPI Claims Directly
A summit will be held today aiming to shed light on the cost of using claims management companies for payment protection insurance (PPI) claims.
Consumers Told To Make PPI Claims Directly
A summit will be held today aiming to shed light on the cost of using claims management companies for payment protection insurance (PPI) claims.
-
Northern Ireland WeatherThis Evening and Tonight:It will be cloudy with a spell of heavy rain pushing south through late evening and the early hours, soon followed by some clear spells. Minimum temperature 6 °C.
