UK Launches Motor Insurance Market Investigation

more+
less-

The Office of Fair Trading (OFT) has referred the UK’s private motor insurance market to the Competition Commission (CC) for an-depth investigation because it suspects that the market may not be working well for motorists. It has concerns that insurers of “at-fault” motorists appear to have limited control over the charges they pay which may be leading to increased costs for them and higher premiums.

Background -

The OFT called for evidence in September 2011, following reports that motor insurance premiums had apparently increased by 40 percent in 2010 and 2011. In December 2011, the OFT launched a market study into private motor insurance in the UK. The OFT may carry out what is called a “market study” as part of its general function to obtain, compile and keep under review sufficient information to make informed decisions, including in relation to competition law and consumer protection matters.

Please see full alert below for more information.

LOADING PDF: If there are any problems, click here to download the file.


DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© King & Spalding | Attorney Advertising

Written by:

more+
less-

King & Spalding on:

Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:

Sign up to create your digest using LinkedIn*

*With LinkedIn, you don't need to create a separate login to manage your free JD Supra account, and we can make suggestions based on your needs and interests. We will not post anything on LinkedIn in your name. Or, sign up using your email address.
×
Loading...
×
×