Defaqto welcomes Treasury decision for FSA to regulate all travel insurance policies
Defaqto has welcomed the decision by the Treasury for the Financial Services Authority (FSA) to extend the regulation of travel insurance policies to those sold by tour operators and travel agents.
The research company claimed that it could never see any good reason for not treating all travel insurance sales under the same regulatory regime.
It went on to say that in terms of the detriment to the consumer of purchasing travel polices through tour operators and travel agents, Defaqto has for years consistently highlighted the additional cost involved, which in earlier years had been estimated to be as high as £250m.
Brian Brown, head of insight at Defaqto said: “With travel agent turnover
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