Composite Legal Expenses has warned that rival Abbey Legal Protection's decision to cut premiums last week will destablise the market.
Managing director John Mullin said it was irresponsible for Abbey Legal Protection to offer a 50% cut in premiums for employment dispute if the policyholder stops contract cover.
He said: "It can only lead to underwriters getting burnt, which in the long term cannot be justified."
But Abbey Legal Protection said: "The realignment of our premiums reflects the correct price for the product when delivered with professional advice and professional representation, and has been made on empirical underwriting information."
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
