Insurers committed to giving road accident claimants the best deal says ABI

Insurers committed to giving road accident claimants the best deal says ABI

Insurers committed to giving road accident claimants the best deal says ABI

Responding to the publication today of the Law Society of Northern Ireland’s report into how insurers approach third parties injured in road accidents (known as ‘third party claims capture’), Justin Jacobs, Assistant Director of Motor and Liability at the Association of British Insurers, stressed:

“Insurers want to help innocent victims of road accidents get their vehicle repaired, and get the care and compensation they need, as soon as possible. For this reason, insurers may contact the innocent party to offer help with any claim direct.

“Independent research has shown that claimants do not need legal representation to get fair compensation, and that legal advice does not lead to higher pay outs. Nevertheless, insurers should always advise claimants that they have the right to seek legal advice. Helping people get care and compensation without legal advice can help bring down the cost of motor insurance, as legal costs currently add 10% to the cost of motor insurance.

“We will be discussing with the Law Society of Northern Ireland the issues raised in this report.

1.Enquiries to:
Jonathan French 020 7216 7392 (Mobile: 07958 330 480)
Malcolm Tarling 020 7216 7410 (Mobile: 07776 147 667)
Erfan Hussain 020 7216 7411 (Mobile: 07712 841 184)
Kelly Ostler-Coyle 020 7216 7415 (Mobile: 07968 364 302)

2.The ABI is the voice of the insurance and investment industry. Its members constitute over 90 per cent of the insurance market in the UK and 20 per cent across the EU. They control assets equivalent to a quarter of the UK’s capital. They are the risk managers of the UK’s economy and society. Through the ABI their voice is heard in Government and in public debate on insurance, savings and investment matters.

3.An ISDN line is available for broadcasts.

4.More news and information from the ABI is available on our web site, www.abi.org.uk.