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Category Archive: Insurance

How Insurers Could Bring Down Car Insurance Premiums Without Overhauling Personal Injury Claims

Insurers blame personal injury solicitors and ‘compensation culture’ for the rising cost of motor insurance.  The Association of British Insurers (ABI) has blamed the compensation system for encouraging people to exploit compensators with fraudulent and exaggerated claims, which sees “millions of honest customers” dealing with increased insurance premiums. When asked for brass tacks, the insurance industry has manipulated data to suggest that the tiny proportion of fraudulent compensation claims means the whole personal injury compensation system needs to be overhauled. It is inherently very difficult to fully assess the cost of insurance fraud – while the ABI has said that fraud adds £50 to the average person’s car insurance policy […]