Bankstone News seems to recall it was renowned Scots philosopher and economist Adam Smith who once famously observed that ‘it is easier for a camel to go through the eye of a needle than for a rich man to enter the kingdom of God’. And speaking of passing things through implausibly restrictive apertures, there have lately been developments in the unfolding story of HMG’s whiplash porthole – see previous coverage.
You’ll no doubt recall that whip-hurt punters were finding it way too easy to claim significant sums of cash in compensation for quite-possibly-trumped-up cervical injuries, and that the government had decided to make it harder and less lucrative for them so to do. And that’s just what they’ve done.
Part One of the Curtailment of Legal Access (CLA) Act finally came into force on 31 May this year, putting a price on people’s pain with a fixed tariff of damages for various grades of whiplashedness, putting all claims worth £5k or less on a small ‘claims track’ passing (or possibly not passing) through the aforementioned porthole, and largely relieving insurers of the burdensome necessity of covering claimant lawyers’ costs.
Having effectively severed the link between claimants and claimant lawyers, the government has clearly set a premium on user-freindliness in designing its claims porthole, with the result that it really couldn’t be simpler for injured people to give up and go away. Not only must they pass through the porthole itself, they must also jump through a variety of associated hoops including a requirement to provide medical evidence of hurtness.
Businesses like Legal Expenses Insurance (LEI) insurers may be interested to know that Bankstone Limited Ltd is one of just 24 FCA-regulated firms with the required permissions (not to mention the dark-arts type skills) to pass claims safely through the porthole. So if you are associated with such a business, and you’d like some value-added professional assistance with your porthole passage needs, please don’t hesitate to contact the aforementioned Bankstone Limited Ltd. They’re really very good!