press release

LV= responds to Civil Liability Bill announced in today’s Queen’s Speech

Steve Treloar, LV= GI Managing Director, said:

“The UK is the world capital for whiplash claims and with fraudulent claims adding around £40 to the average car insurance policy, we have to clamp down on the compensation culture that is rife in this country. The original proposals from Government on tackling whiplash didn’t go as far as we felt was necessary so we’re pleased that they are now committing to making the changes that we’ve long been asking for. It’s also very encouraging that the Financial Conduct Authority will now be responsible for regulating claims management companies. For too long they’ve managed to get away with unscrupulous activities and it’s about time something was done to stop that. Ultimately, we need a fair system that works for everyone and in light of these new plans we’re hopeful of getting that.”

Press contact

Jon Sellors
Head of Corporate Affairs, Life & Pensions
020 7634 4447
07711 701806