Vehicle recovery costs set to soar

Norwich Union (NU) is calling for stricter and more controlled statutory charges following recent Home Office proposals to hike costs for removing vehicles from the highway under police powers.

Phil Gledhill, claims technical manager at NU, said: “The current statutory charge for removing a vehicle is a flat fee across all vehicles of £105, and there was general understanding and acceptance that £105 is insufficient to cover costs to recover vehicles ranging from small motorcycles to articulated lorries. However, the changes look like they will drastically increase recovery costs for insurers and it is likely that all road users will be paying more. Not all recoveries are insurance

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FCA warns on Tempcover clone

The Financial Conduct Authority has issued a warning of fraudsters trying to scam people by pretending to be short-term car insurance specialist broker Tempcover including on TikTok.

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