MOTOR INSURANCE
June 1st, 2001
BY ALAN OSBORNSWEEPING changes to EU motor insurance laws have been proposed by a committee of the European Parliament, with the aim of improving the legal protection of accident victims. A report drawn up by the EP's legal affairs committee has called on the EU national governments to compel insurers to provide either an offer or a refusal of compensation within three months of receiving a claim and sets an EU-wide minimum of Euro 2 million, (about Pounds 1.2 million), as the sum insured. The report also says that insurers should provide cover for up to 30 days ...
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