Insurance trade bodies welcome FCA motor legal expenses review
Both the British Insurance Brokers’ Association (Biba) and the Association of British Insurers (ABI) have welcomed the regulator’s review into Motor Legal Expenses Insurance (MLEI).
The Financial Conduct Authority (FCA) has called on MLEI firms to review their current practices to ensure they are meeting customers’ needs.
Steve White, Biba chief executive, said the trade body had been working closely with both its members and the FCA on the review.
He added that it was important that the customer was not forced to buy MLEI by rolling it into the main motor policy.
Mr White commented: “Following the recent LASPO Act, which changed the way ‘no win no fee’ type claims are
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