ABI sues over personal injury judgment that changes damages policy

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  • This is a ridiculous move by the ABI and one it should be ashamed of. Claimants will be denied access to justice by the government when the Jackson reforms go through and the 10% rise is a paltry sum. For the ABI to challenge that is just greedy.

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  • The decision is being challenged as under the decision as it currently stands the Claimant is entitled to its ATE premium and the 10% uplift!

    The 10% uplift is to compensate for the Claimant having to pay their ATE premium.

    Clearly a Claimant PI Lawyer...

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  • To me, it's a question of competing priorities. For claimant representatives, the priorities are twofold: firstly, to maximise damages for their clients; and secondly, to maximise profits. These 2 priorities are difficult to reconcile as the former is not only a client relationship issue but also a regulatory issue so the 2 are not easy to reconcile. However, on the insurer side, the priority is only to maximise profit for shareholders. Despite the window dressing efforts, there is no concern whatsoever about the interests of individuals.

    Those of you who are unreconstructed capitalists will simply look to the balancing effects of the free market and shout down any government intervention. Ironic really as the government seems more than willing to intervene in such a way as to benefit the insurers. The whole thing is confidence trick by insurers – don’t constrain our drive to profit; do constrain everybody else’s. Follow the money.

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