Clyde & Co is a leading, sector-focused global law firm with 415 partners, 2200 legal professionals and 3800 staff in over 50 offices and associated offices on six continents. The firm specialises in the sectors that move, build and power our connected world and the insurance that underpins it, namely: transport, infrastructure, energy, trade & commodities and insurance. With a strong focus on developed and emerging markets, the firm is one of the fastest growing law firms in the world with ambitious plans for further growth.
The Institute and Faculty of Actuaries reported in October that
insurers have seen a 10% reduction in the number of third-party
injury claims. Additionally, the average cost of settlement fell by
5% to GBP 4750.
The IFOA concluded the reduction was as a result of the Legal
Aid, Sentencing and Punishment of Offenders Act 2012, which banned
referral fees amongst other things.
It was noted that there remained a correlation between and
claims hot-spots such as London, Liverpool and Manchester and the
locations of claims management companies, suggesting opportunism
and fraud continues to plague the market.
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