In a statement it said: “Despite having at the heart of its mission the commitment ‘to shape and influence decisions made by the Government in order to benefit the industry collectively’ Elite believes that the ABI has not stepped up to the mark in their response to the proposed Jackson reforms and their resultant impact on the ATE insurance industry.”
Elite is not the first legal expenses insurer to leave the ABI in protest over Jackson. DAS resigned from the organisation as announced in October 2010 and others are expected to soon follow.
Jason Smart, CEO of Elite, commented: “The ABI has made it clear that their core members’ interests are paramount but as legal expenses insurers we do not matter hence our withdrawal.”
Medico-Legal News Source: PostOnline
