The Legal Expenses Insurance Group (LEIG) has accused large insurance groups of...
The Legal Expenses Insurance Group (LEIG) has accused insurers of not acting in the best interests of claimants in lobbying for changes to compensation arrangements.
Insurers want to raise the small claims limit for personal injury claims, limiting the recovery of after-the-event (ATE) legal expenses premiums, and encouraging claims to be settled without legal advice.
Director of the LEIG, Tony Baker, said: "It is perfectly legitimate for the big insurance groups to lobby hard for changes to the compensation arrangements in the UK. But it is disingenuous of them to promote these as being in the interests of claimants. Nothing could be further from the truth. There is a clear conflict of interest.
"The changes they seek are aimed at reducing the number of claims and their cost and thereby inflating their profits. The interests of claimants are of paramount importance and must be protected and not steamrollered by big business interests."
