Insurers move to cut the cost
of car insurance . Part 2

Whereas today each personal injury claim is decided individually in court, the proposed arbitrator would map out benchmark payments for each type of injury. Life Assurance, for example in Ireland, a back injury that recovers within twelve months, is allocated the euro equivalent of £11,000 whilst a neck whiplash injury, which recovers over the same time frame, is worth £9,400.

Not surprisingly, the British legal profession are none too keen on the proposals! The Association of Personal Injury Lawyers believe that the ABI's proposals would leave the injured in the hands of the insurers adding that it's own research showed that the initial offers by insurers were, on average, 50% of the final agreed compensation and that 66% of defendants initially deny liability. < Loan Site - Personal loans, articles for uk residents >

However, the Lawyers objections are not backed up by experience in Ireland. Here compensation values remain at similar levels to pre-arbitration, but compensation is paid three times quicker at a quarter of the legal cost. < Mortgage site - mortgage quotes - great mortgage articles >

We say roll on arbitration and, for a change, lets see the cost of car insurance fall.

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Insurers move to cut the cost of car insurance . Part 2

Insurers move to cut the cost
of car insurance . Part 2