The Alliance for Insurance Reform warned that a proposed rise in personal injury award levels would lead to increased insurance premiums for consumers, businesses, and community organizations. The small business group Isme urged Justice Minister Jim O'Callaghan to reject the increase, claiming it would benefit lawyers at the expense of small businesses. The Judicial Council suggested an almost 17% increase in award guidelines, despite high payouts already existing for minor injuries compared to the UK. Insurance campaigners fear that higher award levels may lead to more cases going to litigation, increasing overall costs for claimants.
The proposed rise in personal injury award levels would send premiums up for consumers, businesses, and community groups, according to the Alliance for Insurance Reform.
Isme stated that increasing personal injury awards would lead to insurance premium hikes and take money from small businesses, benefiting lawyers instead.
The Judicial Council's proposal suggests increasing personal injury award guidelines by almost 17%, despite already high payouts for minor injuries compared to the UK.
Insurance campaigners expressed concern that higher award levels might encourage lawyers to avoid the State's Injuries Resolution Board process, leading to increased litigation costs.
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