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Referral Fees – Insurers Shamed

In a world ever exposed to the encouragement of people making compensation claims and getting bad press because of the associated compensation culture it is amazing that many on the other side of the fence are actually pursuing a more sleazy practice by auctioning off people to the highest bidders of referral fees.

Insurance companies who often complain of the compensation culture and the effect it has on their business are now having the tables and focus turned on them following open allegations that they are selling personal injury victims or ‘punters’ to solicitors offering the highest price on their referral fees.

In all of these cases the policy holder who is sold on doesn’t benefit at all from the referral fees, they go straight to the insurance company. I would seem as well that the regulations on disclosure of such referral fees is also being swept under the professional carpet, adding to the sleazy face of what is going on.

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