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Written question asked by George Howarth (Labour) on Wednesday, 19 April 2017, in the House of Commons. It was due for an answer on Monday, 24 April 2017. It was answered by Oliver Heald (Conservative) on Monday, 24 April 2017 on behalf of the Ministry of Justice.

Personal Injury: Compensation

Question

To ask the Secretary of State for Justice, what assessment she has made of the efficacy of the mechanism by which the financial savings from her Department's proposed reform to personal injury claims will be returned to consumers by insurance companies; and how her Department will collate evidence to ensure that any such savings are directly attributable to those proposed reforms.

Answer

The Government remains committed to tackling the continued high number and cost of whiplash claims through the package of reforms announced on 23 February.

Leading insurers have publicly committed to pass on the savings from the Government’s reforms to consumers through lower premiums. The Government will monitor the industry’s reaction and will consider further action if required. Motor insurance is intensely competitive and insurance companies will have little choice but to pass on savings or risk being priced out of the market.

Secondary information

Type
Written question
Reference
71345
Session
2016-17
Subjects
Compensation Fees and charges Insurance Personal injury
Contains statistics
Yes
Link
View this Written question on www.parliament.uk