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News report: Jackson Review brings mixed news for UK insurers
10 February 2010
A review into UK civil litigation costs has sparked controversy.
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A wide-ranging review of UK civil litigation costs has been welcomed in some quarters but has also provoked controversy, particularly in relation to its main recommendations, which include the stopping the recoverability of success fees and after-the-event (ATE) premiums, one-way costs shifting, contingency fees, and fixed costs for fast track cases.
As part of his year-long review into the rising costs of bringing legal action in the UK, Lord Justice Jackson recommended that the UK end the requirement that losing defendants in personal injury lawsuits cover their opponents’ legal costs. Insurers are set to be one of the main winners from the sweeping proposals. The report calls for a ban on lawyers paying referral fees to accident management firms, brokers and insurers, which could reduce claims farming.
Lord Jackson also proposes extending fixed costs for accident claims to £25,000 ($40,000) and instead of no win, no fee lawyers charging the...
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