Straw slams CMC “parasites” and near criminal activity

Tweet
Facebook
LinkedIn
Save this article
Send to
Print this page

Sister title, Post, reported that Mr Straw said: "What I am clear about is that of a total of about £9bn of premium, £2bn is costs caused by who I think can accurately be described as a parasite in the system."

The MP warned that the stabilising of motor rates after recent large increases was not a reason for complacency as he criticised the role of CMCs.

"In terms of the variable cost, there is not much doubt that there is a statistical connection and correlation between the density of CMCs by

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected].

You are currently unable to print this content. Please contact [email protected]ceage.co.uk to find out more.

You are currently unable to copy this content. Please contact [email protected] to find out more.

You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email [email protected]

You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email [email protected]

To continue reading...

Sign In

Access Insurance Age

You are currently on corporate access.