Referral fees
Groupama and Cost Advocates fear referral fee ban not enough
Groupama Insurances and Cost Advocates have welcomed the Government’s decision to ban referral fees but say it is only part of the compensation culture probem.
Urgent need for “clarity” on scope of referral fee ban
Steve Thomas, director of market affairs at Keoghs, comments on the news that the government is set to ban referral fees.
Pro Legal warns MoJ over “dangerous” referral fee decision
London-based law firm Pro Legal has hit out at the Ministry of Justice over its “dangerous” decision to ban referral fees claiming that the move would hurt consumers.
Parabis slams MoJ over referral fees
Parabis has criticised the Ministry of Justice’s decision to ban referral fees.
Referral fee ban will not reduce car insurance premiums
In response to the ban on referral fees, Stephen Lewis, CEO of Zurich's UK general insurance business, has said that this one element will not in itself create a car insurance market where consumers will see “dramatic” premium reductions.
Axa urges MoJ to cut legal costs
Insurer Axa has welcomed the Ministry of Justice’s ban on referral fees but has urged the government to tackle lawyers fixed fees.
Admiral reiterates referral fee stance
In light of the government's ban on referral fees, Admiral has declared that it does not sell customer data.
ABI welcomes ban on referral fees
The Association of British Insurers welcomes today’s government announcement that they will ban the selling on of personal injury details – referral fees.
Government bans referral fees
The government has announced today that it is to ban referral fees as part of its commitment to curb the compensation culture, but is yet to specify a date.
Costly referral fee ban rejected as claims firm details lobbying alternative
Ai Claims Solutions is set to lobby MPs with a four-point plan to reform the referral fees system in place of the "costly and timeconsuming legislation" of an outright ban.
Brokers witness unprecedented surge in riot-related enquiries - Insurance News Now
Post senior reporter Amy Ellis outlines this week's major general insurance stories which include the news that property insurance enquiries from businesses have soared by up to 200% in parts of London and Manchester.
Admiral battens down the hatches
Admiral has been the darling of the stock market for a number of years but, despite record pre-tax profits, its share price took a tumble last week. Chinwe Akomah finds out why.
MP calls for ban on referral fees
A Yorkshire MP based in a city with the fastest rising rates of comprehensive motor insurance is calling for parliament to ban referral fees after his report found high personal injury claims are driving premiums up in that area.
Admiral unveils plans to expand US business
Admiral has defended its £90.7m net ancillary income claiming referral fees played a minor part in profit and have branded personal injury lawyers’ as the “root cause” of the problem.
Admiral sees 38% jump in ancillary profit as it records £160.6m PBT at H1
Admiral has recorded a profit before tax at £160.6 million for the first six months of 2011, 27% ahead of H1 2010, while turnover rose 53% to £1.1bn.
View from the top: Educating young drivers
The biggest killer of people between the ages of 17 and 24 in the UK is being a passenger or driver in a car. Our data suggests young drivers are five times more likely to make a claim than other drivers, increasing to 10 times as the severity of the…
Jack Straw confirmed for annual Post Claims Event on 12 October
Former Justice Secretary and outspoken critic of referral fees Jack Straw will address the annual Post Claims Event on 12 October, Postonline can reveal.
Credit hire: Improving the engagement
The credit hire industry has traditionally had a rocky romance with insurers. Sam Barrett looks at what has gone wrong and how the two sides can reconcile their differences.
RSA boss: CMCs not cause of referral fees
RSA's UK chief executive Adrian Brown has called for action against "hefty" lawyer fees and the amount they pay claims management companies rather than targeting CMCs themselves.
O'Roarke urges legal fee crackdown
LV's managing director of general insurance John O'Roarke has added his voice to the cries for a crackdown on legal fees.
Post Magazine – 4 August 2011
This week the Post team reports on Lloyd’s decision to begin investigating Equity syndicate’s reserve deterioration. A Names protest group says the outcome should prove influential to its own campaign over Equity’s losses.
Lloyd’s pursues own probe into Equity syndicate losses – Insurance News Now
Post senior reporter Amy Ellis outlines this week's major general insurance stories including Lloyd’s decision to begin investigating Equity syndicate’s reserve deterioration. A Names protest group says the outcome should prove influential to its own…
Comment - Referral fees: Make your mind up time
As the debate over the future of referral fees rumbles on, it is time for the government to make its decision or risk creating confusion over its civil justice reform programme, writes Kate Lotts.
News analysis - ABS delay: Still waiting for a change
Last week it was confirmed the Solicitors Regulation Authority would not be approving alternative business structures this year at least. Amy Ellis asks what caused the delay.