Insurers in line for a £4.8bn windfall from referral fees - Insurance News Now – 9 June 2011
Post news editor Mairi MacDonald outlines this week's major general insurance stories including how motor insurers could pocket billions in extra income a year if a recommendation to retain referral fees is acted on.
John Spencer, a former chairman of the Motor Accident Solicitors Society, has estimated that insurers and brokers will receive up to £3.2bn in referral fee income and £1.6bn in ancillary services
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