Motor Premiums Dip After UK Whiplash Reforms
Law360, London (April 15, 2019, 12:02 AM BST) -- U.K. car insurance premiums dipped during the first quarter of 2019, data released Monday showed, following new laws designed to prevent fraudulent whiplash claims that have traditionally helped drive up prices.
Average premiums slipped by 1%, from £774 ($976) to £762, compared with the fourth quarter of 2018, according to the broker Willis Towers Watson and Confused.com, a price comparison website. The downturn follows six months of rising prices and comes after Parliament voted through the Civil Liability Act 2018 in December, which will make it harder for criminals to pursue fake neck injury claims against insurance companies.
The slight fall in...
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