Car insurance firm market probe
The Office of Fair Trading (OFT) is to refer the private motor insurance market to the Competition Commission for practices that, it claims, drive up the cost of premiums.
Motor insurance market to be referred to Competition Commission
The Office of Fair Trading (OFT) is to refer the private motor insurance market to the Competition Commission for practices that, it claims, drive up the cost of premiums. A statement on the OFT website says:
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Anger as report reveals motor insurance costs
A road crash can have big financial impact - but new evidence suggests the insurance firms meant to protect us, are adding to the costs.
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The motor insurance industry accused of rip-off
"Dysfunctional" practices in the motor insurance industry are pushing up premiums by £225 million a year, despite attempts to blame drivers