Biba calls on Government to stem "spiralling" motor insurance costs

Graeme Trudgill Biba

The British Insurance Brokers’ Association (Biba) has called on the Government to implement an eight point plan to reduce the rising cost of motor insurance.

Graeme Trudgill, Biba’s head of corporate affairs, told MPs at today’s (9 November 2010) Transport Select Committee inquiry that there was no market failure.

He added that signposting customers, particularly young drivers, to a source of help was also a vital part of the solution to access affordable insurance. 

Mr Trudgill said: “We think the key priorities for the Government should be to introduce Continuous Insurance Enforcement, implement changes to reduce the cost of bodily injury claims

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 info@insuranceage.co.uk.

You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Insurance Age? View our subscription options

Register

Sign up and gain access to five complimentary news articles every month.

Already have an account? Sign in here

This address will be used to create your account

Arch goes live on Applied

Applied has confirmed that Arch Insurance has launched a specialist property owners insurance product on its commercial e-trading panel.

Biba 2024: FCA to take its time on transparency proposals

Emily Shepperd, chief operating officer of the Financial Conduct Authority, has said the regulator was “overwhelmed” at the response and amount of feedback to its transparency proposals, and that it is going to “really take our time” when considering any possible next steps.