Insurers duck Admiral warning on 'killer' referral fees
Insurers have reiterated their support for the scrapping of referral fees, following remarks made by Admiral chief executive Henry Engelhardt that the incoming ban will be a "killer" for his competitors.
Having generated approximately £10m from personal injury referral fees in the first half of 2012, accounting for 6% of Admiral's profit during that period, or 2% to3% of net revenue, Engelhardt was
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