![]() |
The Association of British Insurers (ABI) is welcoming a move by the Ministry of Justice (MoJ) to tackle the growing number and cost of claims for noise induced hearing loss (NIHL). The MoJ has asked the Civil Justice Council (CJC) to consider the issue and make recommendations. |
The ABI recently published new statistics showing that since 2012, more than 200,000 claims for NIHL, with claimant lawyers receiving on average three times as much in legal fees as claimants do in compensation.
James Dalton, the ABI’s Director of General Insurance Policy, said:
Today’s announcement by the Ministry of Justice is a positive development. The skyrocketing number and cost of industrial deafness claims is a significant issue that the insurance industry has highlighted for some time. The number of claims has gone up by 250% between 2010 and 2013 and for every £1 the claimant receives, their lawyer receives £3.
"The insurance industry looks forward to working with the CJC to develop a practical and deliverable framework that seeks to make legal fees more proportionate and ensure that genuine claimants receive fair compensation in a timely and efficient manner."
|
|
|
|
| Senior Pricing & Portfolio Management... | ||
| London - £150,000 Per Annum | ||
| Pricing Transformation Lead | ||
| London - £85,000 Per Annum | ||
| Lead Capital Actuary | ||
| London - £150,000 Per Annum | ||
| Take the lead on capital oversight | ||
| London / hybrid 2 days p/w office-based - Negotiable | ||
| Be at the forefront of creative GI co... | ||
| London/hybrid 2-3dpw office-based - Negotiable | ||
| Remote Market and Credit Risk Calibra... | ||
| Remote - Negotiable | ||
| Contact us about a Capital Contract i... | ||
| London / hybrid 2 days p/w office-based - Negotiable | ||
| Head of Insurance Risk | ||
| London - £160,000 Per Annum | ||
| Director - Pensions Risk Transfer (PRT) | ||
| London, Midlands, North West - hybrid working 2dpw in the office - Negotiable | ||
| Dip a toe into public sector work wit... | ||
| Flex / hybrid 2 days p/w office-based - Negotiable | ||
| P&C Consultant | ||
| London / hybrid 3dpw office-based - Negotiable | ||
| Take the lead client-facing projects ... | ||
| Various locations - Negotiable | ||
| Choose Life! Choose a major global co... | ||
| Various locations - Negotiable | ||
| Actuarial skillset? Apply now for Snr... | ||
| South East / hybrid with travel requirements - Negotiable | ||
| Financial Risk Leader - ALM Oversight | ||
| Flex / hybrid - Negotiable | ||
| Be the very model of a modern Capital... | ||
| London - Negotiable | ||
| Pensions Actuary seeking a high-impac... | ||
| London or Scotland / hybrid 3dpw office-based - Negotiable | ||
| Great opportunity for Pensions Actuar... | ||
| London or Scotland / hybrid 3dpw office-based - Negotiable | ||
| Responsible Investing Manager - Clima... | ||
| London/Hybrid - Negotiable | ||
| Quant Strategist | ||
| London/Hybrid - Negotiable | ||
Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.