All ACSO articles
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News AnalysisIn Focus: How could the motor market evolve following legal and regulatory scrutiny?
Insurance Times quizzes the industry on how the motor insurance market could evolve considering the Supreme Court’s recent motor finance case and the FCA’s increased focus on premium finance
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News AnalysisOgden rate change causes overcompensation concerns for insurers
The government’s spring clean of the personal injury discount rate puts scrutiny on compensation see-saw, with market commentators dwelling on drivers for over and undercompensation
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NewsDiscount rate decision set to deliver premium decrease for motorists
’The increase of the personal injury discount rate should bring some consistency to aspects of how motor insurance premiums and payouts are calculated across the UK,’ says head of general insurance
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News AnalysisThe Big Question November 2024: What does UKGI hope will result from Labour’s motor insurance taskforce?
In October 2024, the newly elected Labour government established a motor insurance taskforce to ’crack down on spiralling costs’ – but what does UKGI anticipate will be the key actions arising from this body and will it have the desired impact on motor premiums?
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NewsMotor injury claims drop to record low in Q3 2024 – ACSO
Public liability claims increased substantially, however
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NewsSupreme Court unanimously rejects insurers’ mixed injury appeal
People with mixed injury claims can claim full common law compensation for their non-whiplash injuries at the same time as the statutory tariff payment for whiplash, the court has ruled
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NewsData does not support OIC mixed injury ‘epidemic’ claim – Acso
Insurers are ‘comparing apples and pears,’ says executive director
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NewsWarning as motor claims plummet in Q3 2023
’Those claiming for injuries sustained continues to fall,’ says executive director
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News‘Changing behaviours’ contributing to slowdown of personal injury claims – ACSO
’Many are not seeking out the redress available to them,’ says executive director
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NewsFirms need to be ‘mindful’ of impact of AI on vulnerable customers – ACSO
New technologies should be ’carefully considered at the development stage and regularly reviewed’, says executive director
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NewsInsurers’ appeal over court’s hybrid injury decision criticised as case backlog mounts
Industry commentator believes ‘insurers seem to be cutting off their nose to spite their face’ with move to disagree Court of Appeal finding
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NewsInsurers must work together to improve consumer trust if they are to avoid outside regulation – ACSO
Insurers demonstrating that they can collaborate effectively on claims would mitigate the need for potential government involvement, says executive director
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NewsMotor injury claim numbers fall to lowest since 2018 – ACSO
Court waiting times in the event of a claim, however, are at ‘record highs’ – ‘adding more misery for hard-pressed consumers’, says executive director
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NewsMoJ launches consultation on dual discount rates for personal injury claims
It is essential that this ’does not turn into a cost saving exercise that benefits the balance sheet of compensators’, says executive director
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NewsMoJ accused of failing to address whiplash reform challenges
Industry commentators are still concerned that there is ‘a huge gap in public knowledge’ about the Official Injury Claim portal’s existence
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NewsLatest OIC performance data show claims volumes remain low
Low percentages of claims originating from unrepresented claimants now ‘part of an established pattern’, says executive director
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NewsInsurance industry welcomes Liz Truss as new prime minister
The ‘back to the future’ proposal of merging the FCA, PRA and PSR is still a possibility, says global head of financial regulation
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NewsIndustry fraud crackdown sees dishonest claims fall in number and cost – ABI
With the cost of living crisis potentially triggering a fraud epidemic, one industry leader is calling for the Insurance Fraud Taskforce (IFT) to reconvene
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NewsPersonal injury motor claims continue to decline, says government’s CRU data
Nearly a quarter of a million claims have ‘disappeared’, according to executive director
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NewsACSO calls for mandatory insurance of e-scooters
The association has laid out a 10-step plan for the effective and safe legalisation of the micromobility vehicles in the UK
