Re Ministry of Justice Ban on Referral Fees (9445N)
September 09 2011 - 2:00AM
UK Regulatory
TIDMADM
RNS Number : 9445N
Admiral Group PLC
09 September 2011
Admiral Group plc
9 September 2011
Statement on Ministry of Justice Ban on Referral Fees
Admiral Group notes that the Ministry of Justice has confirmed
it will impose a ban on the payment of referral fees in personal
injury cases. Admiral welcomes any action taken to curb the
compensation culture that currently exists in the UK motor
insurance market. We reiterate the disclosure provided during 2011
interim results presentation:
- Admiral does not sell customer data; if one of our
policyholders has a non-fault accident, suffers a bodily injury and
they require assistance, we will put them in touch with a personal
injury lawyer
- Personal injury referral fees account for a small proportion
of profits; c6% of UK car insurance profit before tax
Admiral will consider appropriate action as and when further
details of the implementation of the ban are made available.
For further information please contact:
Louise O'Shea, Investor Relations 029 20434384
Louisa Scadden, Communications 029 20434394
This information is provided by RNS
The company news service from the London Stock Exchange
END
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