Do we believe what Insurers tell us about Whiplash Savings? They have attacked the announcement of a rise Premium Tax to 12% as “outrageous” – saying the government gives with one hand via whiplash reforms last week and takes with the other in Premium Tax.
Jim Suthers, the Head of Personal Injury at Williamsons Solicitors, says:
“Road users should expect the insurers to, as they always have, simply pass on the increase in higher premiums to their customers without it touching their bottom line. Their Profits, Dividends, and their Senior Salaries will remain untouched. The Insurers, conveniently don’t mention the straight ‘gift’ of a minimum of £200 million extra profit from the whiplash reforms, as calculated by the government.”
Click here to an article from the Independent.