Airmic support for legislation to tackle the compensation culture

Airmic support for legislation to tackle the compensation culture

Airmic, the association for professional insurance buyers and risk managers, strongly supports plans to tackle the compensation culture for personal injury through The Legal Aid, Sentencing and Punishment of Offenders Bill. The draft legislation, which is currently before Parliament, would implement some of the Jackson recommendations for streamlining the compensation system.

“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,” said Airmic technical director Paul Hopkin.

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.

For further information, please contact Mark Baylis, Complete Communications, mark.baylis@airmic.co.uk, +44(0) 7775 693994.