Landmark judgment on credit hire sees court adopt “lowest reasonable rate” approach
A Court of Appeal’s judgment today has been hailed as a major breakthrough for insurers, putting a stop to the inflated rates that credit hire organisations have been allowed to charge in recent years.
The court dismissed the appeal by Accident Exchange in the case of Stevens v Equity Syndicate Management and the result means where the claimant is considered pecunious, insurers could see significant
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