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10 September 2010

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London market urged to scrutinise professional fees

19 July 2010

Senior London market claims handlers have called for a far clearer understanding of what is spent on professional services such as loss adjusting and legal expenses - areas currently viewed by some as a license to print money.

The London Market Claims Council (LMCC) held a lively debate on 14 July, hosted in association with Randall & Quilter (R&Q).

It came in the wake of The Insurance Insider's revelation earlier this year that Lloyd's spent £670mn on lawyers, adjusters and...

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This article was published as part of issue July 2010/3

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