Saturday, December 8, 2007

Proposed Changes Could Result In Lower Car Insurance Premiums

At the moment, the legal system in Britain forces all personal injury claims to go through the courts and be judged on an individual basis. Many of these claims crawl through the courts at a leisurely pace, the result being expensive court costs. Even worse, for every ?0?51 that is paid out in compensation, it has been estimated that the legal profession receives 40p for their legal work. This amounts to the British legal profession receiving an estimated ?0?52 billion a year just from personal injury claims ?C unbelievable isn??t it!
The insurance companies have to cover these costs, and it??s costing them so much that it has been estimated that for every car insurance premium, around ?0?5200 of it will be going towards paying these personal injury claim legal c View the rest of this article


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