A sharp rise in the number of people
making personal injury claims following a road accident has been revealed by
insurance analysts.
A report from the Actuarial Profession reveals that despite an 11% fall in the number of road accidents in 2011, personal injury claims rose by 18%.
It says this may cost the insurance industry an extra £400m a year.
The government is planning new laws to limit the amount of money that firms can make from 'no win no fee' cases.
The legislation, announced in March 2011 by Justice Secretary Ken Clarke, would prevent lawyers claiming "success fees" from the losing side. Instead they would receive a share of the damages.
The proposals follow a review carried out by Lord Justice Jackson in 2010 at the request of the previous government.
The legislation also aims to prevent insurance companies and others from passing on motorists' details after an accident.
Read More - http://www.bbc.co.uk/news/uk-18700212
