Report comment

This is old news to the insurance industry with a number of firms already coming under attack from ambulance chaser chasers! PI claims, right to buy conveyancing, VWF among others have been subject to Professional Negligence fishing.

Think, this is the PPI claims industry, but for the cash for crash generation.

This will continue to drive PII prices as although his will be nowhere near the proposed £0.5m limit it could instead be 1000 small value claims adding up to many millions for a single firm. multiply that by the number of firms undertaking PI claims, right to buy or similar.....

The Law Society wrote to insurers telling them that these were spurious claims. Unfortunately the courts dont seem to agree and the costs of defence are incompatible with the amount claimed.