Latest Funding Insurance News
Jackson Report published
The much-anticipated Jackson Report on Civil Litigation Costs has been published as we go to press, and hits out at claims managers and ATE insurers, while providing encouragement for liability insurers and defendants.
Axing insurance law ‘adds costs’
If a 100-year-old ‘non-disclosure’ law that enables insurers to avoid paying claims is axed they will pass the costs on to customers, according to the Law Commission.
It would mean that instead of consumers having to give certain information to insurers,…
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Chimney manufacturer compensates asbestos victim
A member of the trade union UNITE who is suffering from asbestos related cancer has received substantial compensation following help from Thompsons Solicitors.
The big freeze costs insurance sector £40m
AA Insurance has estimated that homeowners have lodged over £40 million in claims throughout the UK after icy weather froze water in pipes and roof tanks. This causes the pipes to burst and flood properties….
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Cost of flood claims
The total for last winter was around £30 million, but the first six weeks of 2009 alone have seen claims rising an extra £10 million on top of this. However, there are thoughts the rise in home claims could be in line with general claims increases caused…
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