LMA speaks out in car insurance investigation
The Lloyd’s Market Association (LMA) has warned MPs that a reduction in the price of motor insurance can only be achieved if the risks and costs borne by insurers are reduced.
On 11 January David Powell, the LMA's underwriting manager, appeared as a witness before the Transport Select Committee investigating the cost of personal motor insurance in England and Wales.
During his evidence to the committee, Mr Powell made four specific recommendations for Government action. He said: "Most importantly, we need to reduce the costs associated with personal injury claims. With this in mind, motor insurers advocate the rapid implementation of Lord Jackson and Lord Young's
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