Compensation news
09/07/2012

Personal injury claims for road accidents increase by 18%

New research by insurance analysts has revealed an increase in the amount of people claiming personal injury compensation following road traffic accidents, despite a reduction in the number of motor accidents that have occurred.

The drop in road accidents is allegedly due to the soaring petrol costs, which has resulted in a decrease in the amount of total journeys undertaken.

The research, which was carried out by The Actuarial Profession has highlighted that road accident-related personal injury claims increased by 18%, while the number of accidents on the road dropped by 11%.

The report thereby inferred that a larger number of people involved in accidents were seeking compensation for injuries such as whiplash.

The data suggested that the insurance industry could be forced to pay out an additional £400m in personal injury compensation each year if the trend was to continue, which could result in higher insurance premiums for all drivers.

 

 
 
 
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