It is difficult to give an exact answer on that. We have not been able to quantify it exactly, but I believe the Bill will contribute to the downward pressure on insurance premiums coming from a range of measures we are putting in place. In itself, it will not necessarily make a massive difference, but together with the other pieces of the jigsaw puzzle we are putting in place on different aspects of insurance costs, ranging from the independent medical panels we are putting in place for motor insurance claims to some of our changes to the regulation of no win, no fee lawyers, it will have—we are already seeing this in some areas—a downward effect on insurance claims.
Social Action, Responsibility and Heroism Bill
Proceeding contribution from
Lord Grayling
(Conservative)
in the House of Commons on Monday, 21 July 2014.
It occurred during Debate on bills on Social Action, Responsibility and Heroism Bill.
About this proceeding contribution
Reference
584 c1192 Session
2014-15Chamber / Committee
House of Commons chamberLibrarians' tools
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2020-04-15 17:04:38 +0100
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