OFT's liability investigation welcomed

The Office of Fair Trading (OFT)'s report into the UK liability insurance markets has been met with a positive response by the industry, as has its call for moves towards a long-term solution to the sector's problems.

The five-month study was undertaken after complaints from businesses over sudden, sharp increases in the cost of liability insurance, and capacity shortages that saw some occupations unable to get cover at all.

The study found no evidence of a widespread lack of availability of l