The damaging Compensation Culture Myth

Despite the media and television adverts for no win no fee claims portraying the UK as a nation with a compensation culture (which persist despite the Claims Management Regulator saying they will be stopped), claims fell from just under 11,000 in 2001 to 10,308 in 2010. The ABI (Association of British Insurers) recently published a report calling for an end to the UK’s ‘have a go’ compensation culture. The Law Society responded by accused the insurance industry of ‘spreading obfuscation and confusion’ about the existence of a compensation culture. According to the ABI, the growth in ‘spurious and exaggerated personal-injury claims and excessive legal costs’ has resulted in higher costs for consumers, local authorities and the NHS, as well as a more complex procedure for genuine claimants….

Click here to read article in full.


Comments are closed.