Lawyers who paid out for court fees, medical reports and disbursements may claim back if covered by ATE
Lawyers have been left in limbo following the failure of Thomas Cook, facing rising insurance premiums and financial losses.
Hundreds of cases agreed for compensation are now worthless after Thomas Cook went into insolvency last month, the Law Society Gazette reports.
Holiday sickness had been a new source of revenue for claimant lawyers facing cut fixed fees for personal injury work.
Lawyers who had paid out for court fees, medical reports and disbursements may claim back if they are covered by their ATE providers, but it is likely to have a knock-on effect on future premiums.
As reported in Insurance Times, insurers had been braced for claims from stranded holidaymakers claiming scheduled airline failure insurance (SAFI) following the collapse of the tour operator last month.
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