The Cost War and Its Casualties: Frogs and Temperature
John Peysner
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John Peysner: University of Lincoln
Chapter 9 in Access to Justice, 2014, pp 93-105 from Palgrave Macmillan
Abstract:
Abstract In order to understand what motivated the insurance industry in its response to recoverability, the author carried out a survey of the weekly trade journal Post Magazine and Insurance Week (established in 1840) from 1999 to 2002.2 This review of the leading trade journal spanned the period from the start of the Woolf reforms to the announcement and introduction of recoverability and the developing conflict leading to the Callery decision. The journal consists of editorial comments as well as contributions from leading insurance professionals. The journal reported views from a range of interests, mostly liability insurers, in particular those offering motor cover, but both legal expense and after the event insurers (whose interests might well differ unless they were subsidiaries of the same insurance group) and the views of the Association of British Insurers (ABI), a very powerful trade and lobbying organisation. This desk research was triangulated with interviews from participants on both sides of the dispute.
Keywords: Insurance Industry; Motor Insurer; Premium Income; Legal Expense; Lobbying Organisation (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-39723-2_9
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DOI: 10.1057/9781137397232_9
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