What time would you prefer us to contact you?
Please complete mandatory fields
That is according to Nick Starling, director of general insurance at the Association of British Insurers (ABI), who praised the Conservative-Liberal Democrat alliance's decision to extend the injury claims limit after such incidents to £25,000.
Previously, this was restricted to £10,000 but Mr Starling - whose organisation was formed in 1985 and now has more than 300 members - believes the new regulation will mean faster damages settlements for the 55,000 people injured on Britain's roads last year.
The industry official noted that this process is likely to halve the time it takes for awards to be made.
He went on to call on the government to "press on" with its "wide-ranging and long overdue reforms to civil litigation to ensure that steps such as reducing fixed legal costs lead to a more cost efficient compensation system".
Posted by Emily Swanson
Claims Direct is a trading name of Slater and Gordon UK Limited, a company registered in England & Wales with registration number 07931918, VAT 125 446 327, registered office 50/52 Chancery Lane, London WC2A 1HL and is an approved Alternative Business Structure authorised and regulated by the Solicitors Regulation Authority and authorised and regulated by the Financial Conduct Authority for insurance mediation activity.