Industry laments lack of referral fee bite in TSC report
The Transport Select Committee’s follow up report into the cost of motor insurance has been widely welcomed by the insurance industry but there is frustration that proposed measures to tackle referral fees do not go far enough.
Nick Starling, director of general insurance at the Association of British Insurers (ABI), said of the report: “We are pleased that the Transport Select Committee has recognised that spiralling personal injury claims are the real reason car insurance premiums have been increasing and made recommendations for meaningful reform.
“We are baffled though that the Transport Select Committee has again called for the transparency of referral fee arrangements of insurers.
“Referral fees should be banned
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