Zürich Insurance is leading a new trend which has emerged in the insurance market where artificial intelligence is used to review and decide whether personal injury claims are valid. This is a massive step for the insurance industry which has been plagued by literally millions of false claims in recent years. The problem is that Continue reading...
Recent changes to the personal injury claim system seem to have prompted UK insurance companies to invest more heavily in claims investigation teams. This is a critical time for the personal injury claims market which will change dramatically over the next few months. We will see a cap on small claims, changes to the legal Continue reading...
Earlier this year the UK government announced a number of changes in the personal injury claims market which was seen as a way of reducing the cost of processing claims while bringing up-to-date the way in which long-term claim awards were calculated. The idea was that the increase in the Ogden rate would be offset Continue reading...
There is growing concern among insurers that recent changes to the UK personal injury industry by the UK government will prompt concern and confusion in the short term. There is no doubt that changes to the Ogden discount rate, a cap on some claims and increase in the small claims limit will force the UK Continue reading...
Despite the fact that the UK government had previously been warned by insurers, and those representing potential personal injury victims, we have seen more fallout from recent regulatory changes. There is no doubt that the personal injury claims market was in need of a review but the severity of the changes and the unexpected announcements Continue reading...
The UK government has recently announced an array of changes to the way in which personal injury claims will be dealt with going forward. Many in the industry are now up in arms claiming that the changes will dramatically increase their costs which will ultimately be passed on to customers. While many in the personal Continue reading...
Even though the authorities have done much to streamline the personal injury claims market, and try to rid the industry of bogus claims, there always seems to be a loophole somewhere. The main loophole tends to be the fact that relatively small claims, for example £5000, would cost significantly more to defend in court. Therefore, Continue reading...
The NHS has been a conversation piece for many years now amid concerns that a lack of funding is starting to hit home. Despite the fact that government after government insist funding is “going up in real terms” there appear to be more challenges going forward.
Over the last few years the UK government has attacked the culture of personal injury claims with “whiplash” now designated as code for fraud in some circles. When Liz Truss, the Justice Secretary, recently announced a consultation about further reforming the sector there were initial cries of joy from the insurance sector and howls of Continue reading...
In a move which surprised many in the legal profession and the insurance industry the UK Ministry of Justice has confirmed that previously announced personal injury reforms have been (temporarily at least?) scrapped. These reforms were announced by George Osborne during his tenure as Chancellor of the Exchequer and while they provoked an array of Continue reading...
