OFT has discovered that practices in the motor insurance market are allowing insurers to push up premiums and has provisionally decided to refer the private motor insurance market to the Competition Commission. Its main concern is over the lack of control that insurers of “at-fault” drivers have over repairs and vehicle replacement services. (Source: OFT to Refer Motor Insurance to CC)
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OFT to refer motor insurance to CC
- Dentons
- Emma Radmore and Andrew Barber
- United Kingdom
- June 8 2012
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How Yee Loh
In-house Counsel
Kuok Group