Through The Legal Aid, Sentencing and Punishment of Offenders Bill, Airmic said it strongly supports plans to tackle the compensation culture for personal injury.
Currently before parliament, the draft legislation would implement some of the Jackson recommendations for streamlining the compensation system.
Airmic technical director Paul Hopkin said: “The proposed reforms would make it more difficult to make spurious and exaggerated claims whilst enabling genuine claimants to receive payment more quickly. By reducing the amount of time and money spent on the legal system, it would also help to control the cost of insurance.”
Airmic is a signatory to the paper ‘Tackling the Compensation Culture: the Legal Aid, Sentencing and Punishment of Offenders’ Bill’ published today by the Association of British Insurers.