Industry welcomes OFT motor market decision
The watchdog announced in May 2012 that it had provisionally decided to refer the market to the commission, and has today confirmed that the market will be investigated over concerns that it may ‘prevent, restrict or distort' competition.
Nick Starling, director of general insurance at the Association of British Insurers (ABI), said the OFT had found out “what insurers have known for years”, namely that providers have little control over the costs of claims made on behalf of at-fault drivers.
He
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] to find out more.
You are currently unable to copy this content. Please contact [email protected] to find out more.
Copyright Infopro Digital Limited. All rights reserved.
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]
Copyright Infopro Digital Limited. All rights reserved.
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]
More on Insurer
Podcast
The Insurance Age Podcast: 3 April 2020
Insurance Age commissioning editor, Laurence Eastham, and news editor, Ida Axling, discuss the top stories of the week.
Subscribe to our daily newsletter for all the latest news
Most read
- Blog: Three ways to be more efficient working remotely
- BI dispute: RSA won't appeal on Resilience and two Eaton Gate wordings
- Lockton denies fraud allegations in ongoing legal dispute
- Applied’s Fairchild plans organic growth
- People Moves Round-up: 19 - 23 October 2020
- Trust in insurance sector plummets after BI case
- Aston Lark posts growth in turnover and Ebitda in 2019