Motor Insurance, Liability Insurance, Employer's Liability, Public Liability,

Motor Insurance Reforms – Liability Insurance Reforms

Post Series: Blog - Public Liability

Good news  may still be a bit off with the publication  yesterday of the Government’s  report from the Cost of Insurance Working Group.

The report  covered several key areas the likes of  improving data availability to help provide more clarity on market awards, trends, claims etc…

The costs in the claims process is being looked at as well as dealing with uninsured drivers and with a view to bringing down high car premium costs for consumers.

Among other factors there is a recommendation of a  Personal injuries commission which  the working group also recommends the establishment of a personal injuries commission to offer guidance on compensation claims and how the awards may be determined.

Some of the measures may take up to 15 months so don’t hold your breath.

However it is great that at least a process is in train and we all hope that the end result will be an end to ridiculous premium increase and innocent claims free motorists can afford their cover again.

Some of the above measures would actually have a very positive knock on effect for business Employers & Public liability also as if the whole claims process was reviewed and improved in the Motor Insurance arena these savings would also transfer to business liability insurance premiums – which are also suffering some massive increases, although not getting the same press coverage.

Lets wait and see what develops, but hopefully this time around we will see real change that will deliver real benefit!!