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Aviva tells government: End compensation merry-go-round

Aviva tells government: End compensation merry-go-round

Aviva tells government: End compensation merry-go-round Insurance giant Aviva has clamoured for tougher action to stop the “merry-go-round” of nuisance calls and false claims that drive the rising cost of motor insurance.
 
After industry groups and players recently recorded a continuing increase in car insurance premiums, Aviva urged the government to press ahead with reforms that were promised last autumn, the Press Association reported.
 
According to the report, Aviva called for an end to cash compensation for minor, short-term injuries and for the limiting of lawyers’ involvement in cases where their expertise was needed.
 
“It’s time to stop the nuisance calls, stop crash for cash, stop spiralling claims that push up premiums, and stop the profiteering at the injured party’s expense,” Aviva global general insurance chairman Maurice Tulloch was quoted as saying in the Press Association report.
 
“It’s time to end this compensation merry-go-round and cut the cost of motor insurance for us all,” Tulloch also said.
 
An Aviva survey found that 85% of Britons believed that the UK has a compensation culture, with 88% agreeing that compensation was an easy way to make money.
 
The insurer’s research also discovered that 83% of consumers supported reform, which it estimated could reduce the average motor premium by £43.
 
 
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