Legal guidance
Brokers and intermediaries could be forgiven for turning their backs on the legal costs/legal expenses sector. The failure of some of the highest profile after-the-event (ATE) companies, the so-called 'claims farmers,' has burnt the fingers of established sector underwriters, leading to their departure from the market. This reduction in UK capacity has been exasperated by the exit of well-securitised capital backing legal costs insurance ventures. In its place inexperienced offshore
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