Car Insurance and Home Insurance from Cornhill Direct Insurance
News

Industry News

Insurers step up pressure on personal injury

Industry Insurance News - Published: 26/03/2008
Insurers step up pressure on personal injury
Insurers have called on the government to push ahead with plans to reform personal injury claims.

Ministers launched a consultation in the spring of last year and are now coming under pressure to put their proposals into action.

The Chartered Insurance Institute (CII) and the Association of British Insurers (ABI) have said urgent action is needed to make the system quicker and fairer.

"There is a great deal of speculation about how ministers came to lose the momentum for reform they so manifestly had a year ago," said CII president Lord Hunt of Wirral.

"The ABI, CBI [Confederation of British Industry] and Citizens Advice said some sensible things today about the need for the government to get on with reforming the personal injury claims system. No one should underestimate the importance of this issue.

"It would be nothing short of a scandal if considerations that run contrary to the public's best interests effectively veto these much-needed and often-delayed reforms," he added.

Critics of the current system argue that it takes far too long to process claims and victims are often left waiting years for a pay-out, during which time they may be unable to work.
ADNFCR-1058-ID-18522349-ADNFCR


Related Industry Insurance News


Stephen Brown joins Allianz Commercial
Published: 18/02/2009
Allianz Commercial has announced Stephen Brown has taken on the role of strategic account manager.Mr Brown will be in charge of the strategic ownership of certain broker partner accounts - such as rel...
Read More: Stephen Brown joins Allianz Commercial >

Allianz staff return from "once in a lifetime" trip
Published: 17/02/2009
Eight members of the Allianz Commercial team have recently returned from a sailing trip around the Canary Islands.The Voyage to Development programme offers staff the chance to improve leadership skil...
Read More: Allianz staff return from "once in a lifetime" trip >

Allianz celebrates AA anniversary
Published: 10/02/2009
Allianz Commercial is celebrating the first anniversary of its partnership with the AA.The company stated the arrangement had been a big hit - with its motor fleet policyholders being offered a range ...
Read More: Allianz celebrates AA anniversary >