UK Shuts Down Claims Management Firms

In the UK, strict regulation has faced the claims management industry since 2007, and as of late, those regulations are being even more strictly enforced. In fact, since 2007, the Ministry of Justice, the UK’s regulating body, has shut down over 1,100 rogue claims management firms. Most of the shutdown companies are personal injury claims companies.

While strict regulations do exist for claims management firms and insurance firms in the United States, there is speculation that those regulations could get even more strict, following in the footsteps of the United Kingdom. As such, you need to make sure that your insurance company is operating within the confines of the law and handling its claims management processes effectively. If you have doubts and would like to have a professional take a close look at your company and suggest improvements and/or if you just need some extra help handling every claim in the way it deserves to be handled, know that HC Adjusters is there for you.

Related articles

• Press release: Hundreds of claims firms close following fee ban (gov.uk)