The legal industry has long been home to firms and claims companies seeking redress on behalf of victims of accidents, as well as the less scrupulous firms with a reputation for chasing business where none is to be found.
Such firms are becoming resigned to industry history. However, a new, insidious, and creeping trend of cases has begun to emerge, with professional indemnity insurers finding an increasing volume of claims brought for ‘under-settlement’ of those same accident claims.
This has become informally known as ‘cannibalism’.
Claimants are drawn in by online advertising and cold calls, often with a vague description of the legal basis of the claim, but a clear promise of increased ...
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