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Reduction in Damages for Whiplash

Reduction in Damages for Whiplash

Postby dls » Thu Nov 17, 2016 11:30 am

There is announced today a way of (allegedly) bringing down car insurance premiums by making life more difficult for PI claimants

Well, I do think that a distrust for insurers is natural and proper. I tend toward the miner type of scepticism, but transferred to insurers from lawyers. This may be strange because I come from a family of insurers (actuaries / Prudential), but my experience of them in practice as a lawyer did not suggest that a great respect was due.

Equally it is quite right to say that there have been substantial numbers of fraudulent and or exaggerated claims over several years.

Somewhere a balance has to be found. I am far mor elikely to be paying car insurance premiums than to be claiming for personal injury, but I cannot see any possibility that the insurance companies will not pocket as much as they can of any savings.
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Re: Reduction in Damages for Whiplash

Postby Hairyloon » Thu Nov 17, 2016 11:52 am

On the subject of bringing down insurance premiums, considering the increasing popularity of dash-cams, why is there not more encouragement for people to send in footage of dangerous drivers so that those drivers can have their insurance appropriately adjusted?
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Re: Reduction in Damages for Whiplash

Postby dls » Thu Nov 17, 2016 1:42 pm

It is worth noting that, as usual the figures upin which the proposition is based are, to say the least flawed.

They suggest a huge increase in claims over the last ten years, but then forget to mention a very substantial reduction in claims ove rthe last three years. Savings from these claims have not been passed back by insurers.
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Re: Reduction in Damages for Whiplash

Postby atticus » Thu Nov 17, 2016 1:48 pm

... Notwithstanding their promises to do so.
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Re: Reduction in Damages for Whiplash

Postby dls » Mon Nov 21, 2016 7:37 am

It has now been said that INsurance companies may save as much as £200m a year from te proposed reforms.
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Re: Reduction in Damages for Whiplash

Postby dls » Sat Nov 26, 2016 6:15 am

It appears that the figures upon which the proposals are based are now admitted to be out of date.
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