Paul Asplin.
The newly formed General Insurance Standards Council could be best placed to look into the concerns surrounding the unscrupulous use of ULR to promote credit hire.
The new industry self-regulatory body the General Insurance StandardsCouncil (GISC) could offer an opportunity to resolve some of the many
problems currently facing the uninsured loss recovery (ULR) market.
Motor insurers are, rightly, troubled by the fact that less scrupulous
sectors of the market simply see ULR as a vehicle to promote credit hire
at unreasonable rates. Meanwhile, established players which have formed
their own association, MULRA, remain concerned that some ULR companies
continue
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