New report pours scorn on compensation culture myth
A new report calls into question the notion that the UK has become an increasingly litigious nation, as general claim figures remain more or less static. The perception that this is the case, however, continues to have serious ramifications for the industry, according to Datamonitor.
Escalating legal fees and advances in medical science have pushed up the cost of claims by almost 10% to an estimated £7.2bn in 2004 alone, and the report author forecasts costs will increase by 40%Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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