May 28, 2012
John Spencer speaks to Daily Mail and thisismoney.co.uk on Insurers 'auctioning off' injury claims.
Motorists’ premiums are going up because insurers are auctioning off personal injury claims to the highest bidder, a lawyer warned last night.
John Spencer, who worked at firms which used to engage in the practice, said insurers were conducting auctions among solicitors for bundles of claims as part of a 'morally repugnant' money-making scheme.
Read the full article Daily Mail: Insurers are forcing up premiums by 'auctioning off' injury claims to the highest bidder on the Daily Mail website.