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The End of ATE

Added - 06/06/2007

The stories are conflicting but for some there really is a genuine fear that the ATE (After the Event Insurance) markets are heading for collapse following the release of proposals from the Ministry of Justice department.

There is an expectation that the proposed changes could lead to the market potential being halved which calculates out to be ten of millions in revenue for such industry leaders as DAS. The end of ATE would spark changes similar those that came about when civil legal aid was abolished, which of course sparked the birth of the ATE model.

The proposals would see the end of ATE and therefore potentially thousands of innocent claimants unsure as to whether they have the security to purse genuine personal injury compensation claims.

Legal expenses has been a huge market for thousands of businesses so it will not be given up without a battle and there will surely be active contentions to the Ministry of Justice proposals. The medium of concern comes from the suggestion that recoverability of ATE premiums will not be possible in cases where low value claims or uncontested claims are concluded successfully.

The suggestion that ATE premiums would only be recoverable in high value injury cases that generally get resolved in court is simply not a logical prospect and one that will certainly be contested.

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