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At last a bit of good news...

CAR insurance will get cheaper thanks to plans to tackle Britain's "compensation culture", it was forecast yesterday.

Justice Secretary Ken Clarke said overhauling "no win, no fee" legal arrangements should slash the costs faced by insurers and public bodies such as the NHS.

Such deals are blamed for fuelling an industry of "ambulance-chasing" lawyers who encourage people to lodge frivolous claims. If they win, the lawyer's "success fee" is charged to the organisation which was sued and lost.

Under proposed reforms a winning lawyer would instead take up to 25 per cent of the damages awarded to their client.

The Association of British Insurers says the legal costs of settling personal injury claims add about £40 a year to the cost of motor insurance premiums.

Nick Starling, of the ABI, blamed lawyers for creating a "compensation culture". He said: "The result has been a slower process for genuine claimants and out of control legal costs that end up being paid for by all consumers through higher premiums."



 

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