Last year, Scots saw car insurance premiums hit record highs with market experts estimating an average 58% price increase, with around 25,000 people across the UK also having been injured by a driver who either didn’t have insurance or couldn’t be traced.
Will record premiums encourage people to bend the truth (or lie) for cheaper deals that don’t cover their driving? Or will it encourage people to not get insurance at all and flee the scene?Gordon Dalyell, partner at Digby Brown, discusses how insurance hikes could impact public safety:"Across the UK everyone has seen hikes on motor insurance premiums that seem unfair."Since 2012, the insurance industry lobbied the UK government claiming rising costs were down to a rise in phony whiplash claims.
Numerous reforms were introduced over the last decade, culminating in a new digital portal - the Official Injury Claims (OIC) system - designed to clamp down on fraud, and deal with claims worth £5k or less, more efficiently. "The OIC was introduced in 2021 - in that time, low value claims took longer to resolve.
Current figures show over 370,000 claims (56% of all claims) are awaiting resolution. But have motorists seen their premiums go down?
Read more on dailyrecord.co.uk
Get the latest stars news and celebrity rumours with exclusive stories, photos, videos and interviews.
Breaking up, scandals, engagements, divorces, gossip – all you need to know about the private lives of your favorite celebs.
Get to know the latest showbiz news along with exclusive interviews and even more. All this is waiting for you on the main page 24 hours a day, 7 days a week! Who, where, when, with whom, how, why and for what!? Stay tuned to know first!
Just follow us daily and we will provide you with the current news from the life of famous stars and celebrities.
Owner: SNOWLAND s.r.o.
Registration certificate 06691200
Address:
Snowland s.r.o.
16200, Na okraji 381/41, Veleslavín, 162 00 Praha 6
Czech Republic
©2024. All rights reserved.