Referral fees
Motor insurance sees biggest drop for seven years; Apollo gets new investment; Axa sets aside €1.5bn to fight deforestation; Nexus refinances; and Radius acquires Milestone
Post wraps up the major insurance deals, launches and investments of the week
Blog: Holiday sickness claims farmers don't take vacations
Some success has been achieved against dishonest holiday sickness claims, writes Miles Hepworth, a DWF partner who is part of the joint fraud sector focus team at the Forum of Insurance Lawyers, calling however for more measures against claims farming.
Legal Column: Huge changes ahead for PI claims in Scotland
The Civil Litigation Bill going through the Scottish Parliament could have a huge impact on personal injury claims, explains Kate Donachie, associate at Brodies.
Analysis: NIHL: Make some noise
The fixed-cost regime proposed for noise-induced hearing loss claims is like music to insurers’ ears, although it comes way after the hubbub
Admiral dismisses data-selling claims as ABS's report £6.2m profit
Admiral has rebuffed claims its in-house legal divisions were set-up to circumvent the 2013 referral fee ban as its two alternative business structures reported joint pre-tax profits of £6.2m in 2014.
Claims Club News - 9 April 2014
All the news from Post’s Claims Club event on 9 April.
Firms deny dodging referral fee ban as select committee prepares ABS report
MP concerned insurers are using alternative business structures to circumvent ban.
Justice Secretary Grayling under pressure to close referral fee loopholes
Epoq’s Legal Go model singled out by Jack Straw as being against spirit of Laspo.
Editor's comment: Motor: A third way?
Motor has long been a special case in the world of insurance. It is a compulsory purchase that most customers hope to never use.
APPG chair Evans praises SRA on referal fee fight
The Solicitors Regulation Authority has been acclaimed by Jonathan Evans MP, chair of the all party parliamentary group on insurance and financial services, for taking action against firms flouting the referral fees ban.
SRA issues referral fee ban compliance warning
The Solicitors Regulation Authority has warned personal injury firms some of the models adopted to circumvent the referral fee ban “potentially breach” parts of the code of conduct.
Pressure mounts on government to close referral fee ban loophole
Apil boss reminds insurers of responsibility not to profit from schemes.
Claims management: Crackdown
Do new measures aimed at snuffing out poor practice by claims management companies go far enough?
Roundtable: Fraud: Seeking a knockout blow
How are recent changes to the legal landscape and calls for a more collaborative approach impacting the insurance industry’s fight against fraud?
Scottish civil litigation costs review not a repeat of Jackson reforms
Taylor review’s key proposals include QOCS and referral fee approval
Extended claims portal welcomes EL and PL claims
The Ministry of Justice’s out-of-court claims portal can be used for uncontested personal injury claims of up to £25 000 from today.
Axa’s whiplash proposals attacked for being ‘expensive and unnecessary’
French methods of using X-rays and MRI scans slammed by claimant bodies.
Q&A: Andy Watson: Happy days
Andy Watson reflects on his short time in charge of Ageas UK and discusses market issues, including the referral fees ban, regulation, telematics and recent job cuts in the sector.
Exploiting referral fee ban loophole ‘against spirit of the law’, say insurers
Epoq among firms criticised for finding a way around Laspo-enforced ban.
Epoq launches PI referral fees system
Legal technology firm Epoq has developed a consumer legal plan that enables insurance brokers to continue receiving payment for referring personal injury claimants to a law firm or to claims management companies.