There was a 47pc increase in time the Motor Insurers’ Bureau took to settle claims in five years to 2022, while chief’s pay increased 206pc
Experts have warned that lives could be ruined because of growing dysfunction at the Motor Insurers’ Bureau (MIB).
The organisation runs a safety net compensation scheme for people who have been injured by untraced drivers, those without insurance, and in some cases foreign motorists.
An estimated £30 of all insured drivers’ premiums goes towards the MIB, which receives tens of thousands of claims a year.
Criticism is now mounting on Dominic Clayden, the MIB’s chief executive, after new analysis revealed there was a 47 per cent increase in the time it took the organisation to settle claims in the five years to 2022.