Legal expenses insurers have welcomed this week’s Court of Appeal ruling about the rates they have to pay non-panel firms. On Wednesday the Court of Appeal said before-the-event providers have to pay an “appropriate” rate to ensure policyholders have a meaningful freedom of choice of solicitor.
Legal expenses insurers are obliged to pay non-panel law firms an “appropriate” rate – but no more – to ensure policyholders have a meaningful freedom of choice of solicitor, the Court of Appeal ruled yesterday.
The government has today finally unveiled its long-awaited consultation on increasing the small claims limit for road traffic personal injury cases from £1,000 to £5,000, a move that would decimate the workload of many law firms. It has also proposed creating independent medical panels to diagnose whiplash.
Government hopes that before-the-event legal expenses insurance will take up the slack left by legal aid cuts and the end of recoverability – and that its cost will fall – are wide of the mark, a leading insurer has warned.
Legal expenses insurer ARAG has teamed up with a public relations firm specialising in crisis communications to offer interested customer groups media relations support as part of their policies.
Legal protection insurers are best placed to meet the needs of this new generation of internet savvy, self-directed customers, according to the new president of RIAD – the International Association of Legal Protection Insurance.
ARAG, a Litigation Futures Associate, has announced a new partnership with specialist high net-worth (HNW) insurer Oak Underwriting to provide legal expenses and home emergency assistance insurance to its HNW portfolio.
Legal expenses insurer ARAG is targeting growth in the fee protection insurance market after entering into a partnership with Jim Hoyle, formerly of HLI Insurance Brokers (part of the CCV/Towergate Group).