Joining forces.
Diane Smyth examines the steps the industry is taking to restore brokers' confidence in the ULR market, which did not have the best of years in 2000.
Uninsured loss recovery insurance received bad press in 2000 with themarket witnessing both court proceedings and bankruptcies. Trade
organisations are trying to regulate the market, however, which will give
the cautious broker more security.
At its most basic, ULR is a form of legal expenses cover helping the
victim of an accident recover their losses from the person who caused it.
Though it can be extended to households and businesses, ULR is most
commonly sold to motorists. Most of these
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