The Association of British Insurers (ABI) has slammed the “unnecessary, unworkable and unfair” European Court of Justice (ECJ) ruling that could force off-road vehicle users to take out third party insurance.
The trade body said there was “no evidence” that the 2014 Vnuk ruling was needed in the UK.
It added that if the law on motor insurance were to change it “could prove the next lucrative hunting ground for claims management companies”.
The scathing comments followed the opening
The Insurance Age team examine the most read stories for the week commencing 3 June 2019.Subscribe to our daily newsletter for all the latest news
- Konsileo parts ways with four brokers
- Brokers call on HMRC to reform IPT
- Broker Network owner set to make more deals with fresh funding
- Elite proposes solvency scheme to avoid liquidation
- Two TMK executives resign amid fresh sexual harassment claims at Lloyd's
- IFB launches counter fraud database
- Motor market records best year since 1985 ahead of troubled future, says EY