Drivers' insurance policies pushed up by £30 a year because of £2.4m daily bill to cover personal injury claims

Thursday, 23 February 2012

Drivers' insurance policies pushed up by £30 a year because of £2.4m daily bill to cover personal injury claims

The hefty £876million a year legal fees paid to lawyers to settle the injury claims resulting from road accidents are the equivalent of £1,666 added to motor insurance premiums every minute.

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Lloyds makes £3.5bn loss
Source: Press Association UK Part-nationalised Lloyds Banking Group made a loss of £3.5bn for last year after setting aside £3.2bn to cover payment protection insurance claims

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