David Prosser: How to put the brakes on personal-injury claims
Thursday 10 November 2011
Outlook Admiral, the car insurer that shocked the market yesterday with results mired by the cost of personal-injury claims, has an odd take on the debate about reforming the law. Unlike the Association of British Insurers, it does not want a ban on referral fees, earned by insurers that pass claims to lawyers, but a cap on legal fees.
To be fair to Admiral, its motivation does not appear to be a cynical regard for its own referral income, since this accounts for just 5 per cent of profit. Rather, it says a ban would not attack the root cause of the problem – presumably greedy lawyers persuading people to sue insurers. That may be true, but a ban would at least make it more difficult for such lawyers to find would-be clients, a useful first step.
- 1 This 'woman calls police to order pizza' story isn't going where you're expecting
- 2 Axe wielding man shot dead after attacking four New York policemen on busy street
- 3 Watch what happened when food critics were unknowingly served McDonald's
- 4 Jimmy Carr's Oscar Pistorius joke goes a bit too far at the Q Awards
- 5 Ottawa shootings: Bruce MacKinnon's cartoon is the perfect tribute to soldier Nathan Cirillo
Of course, teenage girls need role models – but not like beauty vlogger Zoella
Cameron is warned 'no possibility' of UK reducing immigration and that bid to bring in quota on migrant workers would be illegal
Support for EU membership 'at highest level since 1991' with most Brits wanting to stay 'in'
Thousands with degenerative conditions classified as 'fit to work in future' – despite no possibility of improvement
Attacks on 'Ukip Calypso' show how skewed people’s priorities are
Poppy Appeal 2014: This is why I won't be wearing a red poppy this year
iJobs Money & Business
£60000 per annum: Ashdown Group: Compensation and Benefits Manager - Compensat...
£30000 - £35000 Per Annum plus excellent benefits: Clearwater People Solutions...
£24000 - £28000 per annum + bonus & benefits: Ashdown Group: IT Business Syste...
£50000 - £90000 per annum + benefits: Ampersand Consulting LLP: Markit EDM (CA...