ABI seeks to speed up personal injury compensation

The ABI says Care and Compensation proposes a fast and fair compensation system which puts the interests of genuine claimants first and tackles the problems of the current system, which is too slow and expensive. In addition, the proposals would reduce the “massive” £2bn which goes each year spent on claimants' legal and other costs. An average of 93p is currently paid in legal and other costs for every £1 paid out in compensation claims under £5,000, suggests the ABI. Specifically, the new compensation process would include: An easy-to-use claim form to enable people to submit th...