Toxic Torts Time Bomb: Will The UK Follow US Trends In The Coming Year?

A number of legal uncertainties remain.

The progression of the legacy claims market will be of great interest to insurers in the coming year. Claimant firms' business development efforts are likely to increase over the next 12 months as they look for new revenue streams, as traditional business models come under pressure. Legislative changes, for example introducing fixed recoverable costs for Noise Induced Hearing Loss claims and the recent introduction of fixed costs for gastric illness claims, have seen profits tumble and prompted the hunt for replacement income generators.

In identifying the areas in which these revenue streams will be...