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Figures from the Compensation Recovery Unit, which is run by the Department for Communities, showed 1,255 actions related to road traffic accidents.
One of the distinct features of Section 954 and the proposed SEC rules is the fact that misconduct is not required to have been a cause of the restatement in order to trigger compensation recovery. Once these rules are finalized, many public companies will need to either amend their current clawback policies or adopt supplemental policies in order to comply.
Under the proposed rules, national securities exchanges and associations will have to establish listing standards that would require companies to adopt and comply with a compensation recovery policy.
Schroeder only receives payment from the compensation recovery of the client; he will never charge for the services if he is unsuccessful.
The number of motor-related personal injury compensation cases registered with the government's Compensation Recovery Unit surged in the five years to 2012, in contrast to a 15% fall in road traffic accidents during the period.
A Welsh Government spokesman said: "It is the preferred implementation option that the Department for Work and Pensions' Compensation Recovery Unit will administer the cost recovery scheme on behalf of the Welsh Ministers, as set out in the explanatory memorandum to the Bill.
The preferred method of reclaiming the costs would be through the Compensation Recovery Unit already operated in the Department for Work and Pensions, which recovers costs in personal injury claims, including road accidents.
Figures from the Compensation Recovery Unit of the Department for Work and Pensions show that the number of people in Huddersfield making claims for personal injuries during the winter months has rise by 28% over the past four years to stand at 51.
The figures, obtained after a Freedom of Information request by National Accident Helpline show that across the UK, the NHS reclaimed pounds 196m in 2010/11 from the Compensation Recovery Unit (CRU), a Government body which compensates hospitals for costs of treating victims of road traffic accident.
Compensation Recovery Unit statistics do show an increase in motor claims and the BTE insurers would appear to have played their part!