Greater numbers of consumers would travel abroad without insurance if the travel industry was regulated by the Financial Services Authority (FSA), according to the Association of British Travel Agents (ABTA).
ABTA's submission to the Treasury's review on the sale of travel insurance has argued that the burden of FSA regulation would be both expensive and bureaucratically onerous.
A spokesman for ABTA said its research on customer complaints found there was virtually no evidence that the travel
- Legal Protection Group confirms loss of Inter Hannover capacity
- Towergate’s Andy Parkin resurfaces at Gauntlet
- Laurent Matras takes interim Axa retail MD role as Gareth Howell departs
- Profits up at Allianz in 2018
- Consolidation opens up opportunities, says Romero boss
- Ghost broker jailed for two years
- Up to 275 jobs at risk at Axa XL in the UK