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Arc Legal Group (Arc Legal), the specialist provider of ancillary insurance products and services...
The Arc Legal team regularly provides media comment on relevant issues.
Below is an extract from a news story published in the insurance trade publication, Post Magazine, covering market reaction to the comments of Lord Justice Jackson on the use of after-the-event insurance.
Lord Justice Jackson questioned the wide use of ATE and conditional fee agreements and whether the recoverability of costs in these areas places an onerous burden on defendants.
Arc Legal director Richard Finan told Post: “Any removal of cost recovery will significantly increase premiums. It would be questionable if the product would be able to be continued to be offered on an add-on basis.”
Lord Justice Jackson”s detailed reported set to be published in December.
The full article can be viewed at www.postmag.co.uk