Moody's: Insurers to follow Axa lead on referral fees
Axa UK’s announcement that it will no longer accept referral fees from personal injury lawyers is likely to put pressure on the insurer’s general insurance rivals to follow suit.
According to Moody's, the incremental legal fees paid by insurers as a result of this process - known as claims farming - across the sector, "more than outweigh the referral-fee income that insurers
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