MPs launch investigation into insurance whiplash claims
Those incredibly exciting people at the Transport Committee are calling for evidence to see how much whiplash is costing us all. It has been reported that whiplash claims are adding around £90 to every motor premium, so what can be done to reduce that?
Basically, they want to find out how many whiplash claims are bogus and which costs are hiked-up as a result. This will invariably mean that claimants will have to undergo an independent medical examination, which is something insurers have been calling out for.
The Association of British Insurers (ABI) wants to see all whiplash claims seen by medical professionals in a bid to stem the flow of claims, after seeing whiplash cases rising by nearly a quarter in the past four years. The UK is already considered to be the 'whiplash capital of the world' and the figures that estimate 70% of road accident personal injury claims are for whiplash in the UK is indeed, much higher than Germany's 47%, Spain's 32% and France's frankly pointless 3%.
The Association of Personal Injury Lawyers (APIL) isn't convinced by all this, and said that this may put off people with genuine claims. "The real issue should be about getting the right level of compensation for genuinely injured people,” said APIL President Karl Tonks.
Louise Ellman, Transport Committee chair, said: "It is vitally important for policymakers to understand the reasons for the very high cost of motor insurance, especially for young drivers, and to take steps to bring that cost down. Whiplash claims undoubtedly play a part in driving up the cost of motor insurance, but access to justice for injured people must be preserved."
"We want to hear the arguments on these points and will publish a report in the summer about the best way forward on this difficult issue."
Either way, chances of your premiums going down in price remain at nil.