Margot James MP has welcomed moves by the Government to reduce car insurance premiums.
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Margot James MP has welcomed moves by the Government to reduce car insurance premiums.
In a meeting between the Prime Minister and representatives from the insurance industry it was agreed that the Government would take action to tackle the compensation culture, reduce legal costs and cut health and safety red tape, and that the insurers would pass savings made on to their customers.
Measures agreed in the meeting included an industry commitment to adjust premiums to reflect any reductions in legal costs created through the Jackson reforms that will reform ‘no win, no fee’ and ban referral fees, a Government commitment to reduce the current £1,200 fee that lawyers can earn from small value personal injury claims, and a joint commitment to identify effective ways to reduce the number and cost of whiplash claims.
Read more: Margot James MP has welcomed moves by the Government to reduce car insurance premiums.
