Clouded judgement
While some brokers have largely negative ideas about legal expenses, it may be time for them to re-evaluate. Graham Laing argues that their judgement has been wrongly clouded by years of advice from lawyers and it may now be time for a serious re-think
Brokers still regard legal expenses insurance as something of a sham, and for many years, and for various reasons, they have opted for non-underwritten claims products and non-fault referral schemes.
But do brokers recognise the truth behind the years of commercially clouded advice being provided by lawyers and claims managers? Why are brokers still promoting non-underwritten cover and after-the-event referral schemes? Do they recognise the risk with the alternatives to promoting a legitimate
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