On Thursday 21 October, the European Parliament approved by an overwhelming majority (689 votes in favour, 3 against, 4 abstentions) the agreement reached in June with the EU Council on the revision of the ‘Motor Insurance’ directive(see EUROPE B12746A22).
The legislation harmonises the minimum compulsory amounts of cover across the EU: - for injuries: €6.45 million per claim, irrespective of the number of injured parties, or €1.3 million per injured party; – for material damage:...