Montgomery County Lawyer » Entries tagged with "personal injury claims"
‘Insurers to blame’ for PI premium hike
The Law Society has said the insurance industry must take the blame for the rising cost of motor premiums, in a high-profile row over personal injury claims. The Commons transport select committee last week said the rising variety of personal injury claims was the ‘main reason’ for a rise in premiums. In a tough-hitting report, the committee recommended stricter rules at the diagnosis of whiplash injuries, requiring objective evidence from an authority and proof of a ‘significant’ effect at the claimant’s life before compensation is paid out. read more … Read entire article »
Filed under: Law
Referral fees in spotlight as MPs slam cost of whiplash claims
MPs today demand the bar to be raised if claimants are to receive compensation for whiplash injuries following motor accidents. A report by the Commons Transport Committee into the price of motor insurance concludes that the upward thrust in personal injury claims is the ‘main cause of the increase in premiums’. The report says that insurers should require fuller diagnosis of whiplash injuries to prove a claim is valid, and that legal expenses ought to be cut to be sure insurers are more willing to defend claims. read more … Read entire article »
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Cameron extends PI fees cap in attack on ‘albatross’ safety culture
David Cameron today announced plans to cap lawyers’ fees from personal injury claims at £25,000. Chatting with an audience of small companies, the prime minister launched an attack at the so-called compensation culture and blamed it for containing back the expansion of UK businesses. read more … Read entire article »
Filed under: Law
The worth To Demand Through Personal Injury Claims
Personal injuries are suffered by individuals on meeting accidents which can be resulting from their very own, or other’s fault. No sooner are the victims released from the healthcare centers, discharged by their chiropractor that they run to make a claim. The incidents, regardless of how minor they apparently seem, are very disturbing for the health, mind and finance of the survivors. Thus, personal injury claims are essentially a process to demand pay-offs for all of the pain and sufferings, losses and inconveniences led to by the callousness of the responsible party. While it is a brave and rightful stunt, some claimants forget to calculate the cost to be able to be only for the incident. Of their haste, they either claim … Read entire article »
Filed under: Law
OFT probes impact of PI claims on motor insurance premiums
The Office of Fair Trading has launched an inquiry concentrating on the effect of private injury claims on steep rises in motor insurance premiums. Evidence gathered by the OFT and published today means that premium costs rose by 12% between 2009 and 2010, with an additional 9% increase within the first three quarters of 2011. Those figures would be viewed as vindication for the govt. and insurers who’ve long argued that private injury litigation needs reform to bring down premiums. read more … Read entire article »
Filed under: Law