Insurance referral 'good for consumers'
The market for car insurance has been referred to the Competition Commission for investigation on the basis that it is not working well for motorists.
The Office of Fair Trading (OFT) made the referral because it was worried the structure of the market was making costs and premiums unnecessarily high.
Nick Starling from the Association of British Insurers said the referral offered a "great opportunity" to improve the system for consumers.
28 Sep 2012
- From the section Business