Compensation panic
Series: Construction News ; (6859) 25 March 2004, 28(1)Publication details: 2004Subject(s): Summary: Looks at increases in insurance costs, arguing they are not the direct result of the growth of the compensation culture. Points out that personal injury litigation is not increasing and people often decide not to claim even when their case is likely to succeed. Concludes that recent increases in insurance costs are largely the result of chronic under-pricing by insurers keen to maintain or increase their market share. Suggests insurers, employers and trades unions should work together to reduce accidents on construction sites and reward safety-conscious firms.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Journal article | London Journal article | ABS67742 (Browse shelf(Opens below)) | 1 | Available | 126053-1001 |
Looks at increases in insurance costs, arguing they are not the direct result of the growth of the compensation culture. Points out that personal injury litigation is not increasing and people often decide not to claim even when their case is likely to succeed. Concludes that recent increases in insurance costs are largely the result of chronic under-pricing by insurers keen to maintain or increase their market share. Suggests insurers, employers and trades unions should work together to reduce accidents on construction sites and reward safety-conscious firms.