Predicting the future
Implementation of the Jackson reforms was predicted by many to mean a dramatic drop in claim numbers. The Access to Justice Action Group predicted “there will be at least 25% fewer claimants”.
Many scoffed at the idea the reforms would lead to a reduction in motor premiums.
To date there has apparently been no reduction in the number of new claims being notified or issued. The number of complex commercial litigation cases in the courts surged by 16% last year.
News emerges comprehensive motor insurance prices have fallen by around 19% in the last year.
We can no doubt expect a flurry of apologies for inaccurate predictions.