Quote:
Originally Posted by Moley_WRX
I didn't take it as a dig.... it just that these no-win-no-fee lot are killing the market, and insurers get the blame for it.
In 2010 there were 200,000 whiplash claim (so ignoring any other injury... just whiplash) with an average payout of £5000 (including legal fees), so the insurers paid out £2bil just on those claims.... which makes up 20% of everyones premium.
Thats why you just won't get insured these days if you live in an area of high PI claims (Birmingham, Bradford etc...)
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On another insurance based note my dads business got sued by the post man as he tripped on the steps. The steps were completely acceptable by the way and not even a service to my dads business but solely to the flat above that someone else owns. Turns out the insurance company paid out £7,950 for 3 days off work and a lightly sprained ankle!