Car insurance to cost more

Article Abstract:

A test court ruling in favour of three car accident victims is likely to put more pressure on car insurance companies to raise premiums. The ruling by the House of Lords awarded the victims a higher compensation payment than originally agreed by the insurers. Compensation payments from insurers are usually aimed at giving the claimant an annual return of 3-4% above inflation if invested in equities. However, the House of Lords decided that the payment should be invested in index-linked gilts, which offer less risk but have a lower return. Higher premiums of up to 7.5% are expected as a result, although the AA predicts a rise of 4-5% for fully-comprehensive cover and 3% for non-comprehensive cover.

Comment:

UK: Court ruling that favors 3 car accident victims is likely to put more pressure on car insur companies to raise premiums

Article

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UK: MOTORISED SCOOTERS REQUIRE INSURANCE

Article Abstract:

The High Court has ruled that drivers of motorised scooters must wear helmets, hold valid driving licences and third party insurance, and pay tax. The judges ruled that the vehicles were intended for use on the roads and were subject to road traffic laws. The judgement effectively bans them from public pavements and streets, as it will be impossible to get insurance for them. The ruling means Secretary of State for Transport will have to decide whether the vehicles are motorbikes or mopeds.

Motorcycles, Motorcycle, Bicycle, and Parts Manufacturing, Motorcycles, bicycles, and parts, Laws, regulations and rules, Motorcycle industry

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UK: INSURER SUES BOY FOR NOT STOPPING ACCIDENT

Article Abstract:

Norwich Union is suing a teenage boy for failing to stop his seven-year-old brother running into the road and being hit by a car. If successful in the claim it could lead to older children being sued for not taking proper care of their younger brothers and sisters. Norwich Union who is the driver's insurance company is making a counter claim in the High Court in an attempt to offset the damages. The child's family is suing the driver for more than GB[pound] 1mn.

Cases, Brief Article, Norwich Union PLC

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