Tag #Compensation Claims

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bbc.com

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Aug 2, 04:14

UK Supreme Court Curtails Mass Motor Finance Mis-selling Claim

The UK Supreme Court partially rejected a mass compensation claim for motor finance mis-selling, leaving open the possibility of smaller, individual claims totaling \£5bn-£13bn; one claimant received \£1,650 due to an unfair relationship with the lender.

UK Supreme Court Curtails Mass Motor Finance Mis-selling Claim

The UK Supreme Court partially rejected a mass compensation claim for motor finance mis-selling, leaving open the possibility of smaller, individual claims totaling \£5bn-£13bn; one claimant received \£1,650 due to an unfair relationship with the lender.

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What is the impact of the UK Supreme Court ruling on potential compensation claims for motor finance mis-selling?

The UK Supreme Court ruled against a mass compensation claim for motor finance mis-selling, rejecting the argument that hidden commission payments to car dealers were universally unlawful. However, the court left open the possibility of individual claims for unfair commissions, leading to a potential compensation payout of \£5bn-£13bn instead of the initially anticipated \£30bn. One claimant, Marcus Johnson, won a smaller compensation award based on an unfair relationship with the lender.

zeit.de

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Feb 16, 07:06

Germany's 2013 Flood Damage Claims Nearing Completion

Twelve years after the June 2013 flood in Germany, the processing of damage claims totaling approximately €1.1 billion is nearly complete; however, around 1,650 applications for increased funding (€731.2 million) and some €12.6 million in reclaimed funds remain outstanding.

Germany's 2013 Flood Damage Claims Nearing Completion

Twelve years after the June 2013 flood in Germany, the processing of damage claims totaling approximately €1.1 billion is nearly complete; however, around 1,650 applications for increased funding (€731.2 million) and some €12.6 million in reclaimed funds remain outstanding.

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Sustainable Cities and Communities

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What factors contributed to delays in processing applications for flood damage compensation?

Delays in claim processing resulted from issues such as additional damage discovered during construction, bidding problems, staff shortages, and increased construction costs. The Investitionsbank (IB) processed almost 7,750 applications, approving about 5,600 for nearly €407 million. This highlights the scale and complexity of managing the aftermath of a major natural disaster.

theguardian.com

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Aug 1, 19:17

Supreme Court Limits Car Finance Scandal Compensation

The UK Supreme Court partially overturned a lower court ruling on the car finance commission scandal, limiting consumer compensation and potentially saving lenders billions of pounds, but leaving the door open for a limited FCA compensation scheme.

Supreme Court Limits Car Finance Scandal Compensation

The UK Supreme Court partially overturned a lower court ruling on the car finance commission scandal, limiting consumer compensation and potentially saving lenders billions of pounds, but leaving the door open for a limited FCA compensation scheme.

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What are the potential long-term implications of this ruling for the car finance industry and consumer protection regulations?

The Supreme Court's decision may lead to a more limited compensation scheme through the Financial Conduct Authority (FCA), focusing on loans with "discretionary commission arrangements." This approach, while potentially avoiding the massive cost initially anticipated, could leave many consumers without recourse. The FCA aims to launch this scheme within six weeks.

nos.nl

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Dec 4, 13:06

Groningen Mining Study: No Additional House Damage Found

A study by the Instituut Mijnbouwschade Groningen (IMG) shows that a combination of mining activities outside the Groningen gas field does not cause additional damage to houses, maintaining the current damage claim process; however, further research is needed regarding the combined impacts of gas ex...

Groningen Mining Study: No Additional House Damage Found

A study by the Instituut Mijnbouwschade Groningen (IMG) shows that a combination of mining activities outside the Groningen gas field does not cause additional damage to houses, maintaining the current damage claim process; however, further research is needed regarding the combined impacts of gas ex...

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How does this study affect the existing compensation scheme for residents claiming damage?

The IMG research examined cumulative effects from the Groningen field, gas storage facilities, and smaller fields, finding negligible additional damage from the combined impact of vibrations and ground movement. This conclusion reinforces the existing claim process, requiring residents to individually prove mining-caused damage.

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