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Regulation Focus - Parliamentary task force calls for less litigation and increased efficiency.
(From Reinsurance)
Worries about whether the UK is becoming too obsessed with compensation have increased to the point where a top UK government body is appealing for comments from the (re)insurance industry.
The Better Regulation Task Force, an independent advisory body set up by the government in 1997 to advise on a broad swath of regulatory issues, is calling for views from the business community concerning litigation and if it is getting out of hand.
Over the next six months part of the task force, led by deputy chairman Teresa Graham, will look at issues such as what impact the fear of litigation has on the public and private sectors, how efficient the claims ...
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