Cameron pledges compensation action

David Cameron has pledged to lower car insurance premiums by tackling the UK's road traffic accident compensation culture.

The prime minister has said today (February 14th) he is determined to combat the issue of rising costs in this area by holding consultations about how the number of damages claims can be reduced.

At present, some 1,500 instances of whiplash are recorded in Britain every day and Mr Cameron believes more needs to be done to stop fraudulent pursuits of damages from escalating further.

"I want to stop trivial claims, free up businesses from the stranglehold of health and safety red tape and look at ways we can bring costs down," he stated.

Recently, Nick Starling of the Association of British Insurers praised the government's decision to extend the road traffic accident injury claims limit to £25,000 from £10,000.

This will mean people making legitimate claims will receive their compensation quicker, he noted.

Posted by Francesca WitneyADNFCR-1500-ID-801292718-ADNFCR

14/02/2012 16:50