It is at this time of the year that we look forward to the year ahead in both our personal and professional lives. So what does the year ahead hold for the world of personal injury compensation? Well let’s look at the statistics for 2009 just released. These figures cover the Republic of Ireland but highlight certain trends that are sure to be reflected in the UK as well.
The number of compensation claims as a whole rose by 5 percent during the whole of 2009, with the vast majority of personal injury claims still coming from road traffic accident injuries. A staggering 72% of cases involved automobiles in some shape or form.
Although the rise in personal injury claims for car accidents is recently being blamed for a rise in car insurance premiums, this is somewhat of a myth. The average amount awarded in car injury compensation is around £2000. The repair costs to the cars is usually somewhat above this and so we can therefore deduce, that it is the rise in the price of car repairs that is actually pushing up insurance costs.
Like everything else in 2009, the recession hit personal injury compensation too. The number of work-related injury claims decreased last year, most likely as a direct result of less people being in work. The number of these types of claims is set to plateau in 2010 as the global economies slowly begin to lift themselves out of recession.
New legislation set to be introduced in 2010 is set to have an impact on compensation claims. The British Government has announced a scheme to compensate victims of terror abroad, as at the moment compensation is only available to victims injured or killed on British soil. The scheme is set to work like the criminal injury scheme and will apply retrospectively to attacks since 2002.
The number of compensation claims as a whole rose by 5 percent during the whole of 2009, with the vast majority of personal injury claims still coming from road traffic accident injuries. A staggering 72% of cases involved automobiles in some shape or form.
Although the rise in personal injury claims for car accidents is recently being blamed for a rise in car insurance premiums, this is somewhat of a myth. The average amount awarded in car injury compensation is around £2000. The repair costs to the cars is usually somewhat above this and so we can therefore deduce, that it is the rise in the price of car repairs that is actually pushing up insurance costs.
Like everything else in 2009, the recession hit personal injury compensation too. The number of work-related injury claims decreased last year, most likely as a direct result of less people being in work. The number of these types of claims is set to plateau in 2010 as the global economies slowly begin to lift themselves out of recession.
New legislation set to be introduced in 2010 is set to have an impact on compensation claims. The British Government has announced a scheme to compensate victims of terror abroad, as at the moment compensation is only available to victims injured or killed on British soil. The scheme is set to work like the criminal injury scheme and will apply retrospectively to attacks since 2002.
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