Office of Fair Trading to Begin Fact Finding Probe into UK Insurers
Cars

Office of Fair Trading to Begin Fact Finding Probe into UK Insurers



The UK Office of Fair Trading has launched a preliminary investigation – known as a call for evidence – into the nation’s insurance companies after car insurance premiums rose 40% over the last twelve months.

The consumer watchdog is probing whether there is genuine competition between the major insurers – and if there is, why it isn’t offering adequate protection for consumers against massive rate rises.

In the past, the industry has been blaming fraud, the so-called “compensation culture” (which must share a room with the “nanny state” and the “me generation” at the Hoary Old Cliché Hotel) and the activities of accident management companies like RTR.

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