• Insurance payouts slow to snails pace

    • 30 January 2023
    • Posted by: Alan Feldberg
    • Category: News
    Analysis by Claims Management & Adjusting (CMA) has found that car theft victims are frequently waiting more than seven days longer for insurance payouts due to the new National Police Chiefs’ Council (NPCC) and Association of British Insurers (ABI) data sharing agreement The Kent-based vehicle claims [...]
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  • CMA investigating fuel retail market

    • 9 December 2022
    • Posted by: Alan Feldberg
    • Category: News
    A review by the Competition and Markets Authority (CMA) has found that fuel retailers raised prices quickly in line with higher wholesale costs but were slow to reduce them again when prices fell Called ‘rocket and feathering’, this practice has been revealed as part of the CMA’s Road Fuel Market Study, which [...]
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  • IAA completes Synetiq acquisition

    • 7 March 2022
    • Posted by: Alan Feldberg
    • Category: News
    IAA has completed the acquisition of Synetiq for £225m after receiving clearance from the UK’s Competition and Markets Authority The businesses were previously required to be held separate under an initial enforcement order (IEO) issued by the CMA on 5 November However, the IEO was revoked by the CMA on 10 [...]
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  • Volvo unveils global electrification strategy

    • 15 October 2015
    • Posted by: Simon Wait
    • Category: News
    Volvo has announced one of the automotive industry’s most comprehensive electrification strategies in which plug-in hybrids will be introduced across its entire range It will develop an entirely new range of electrified smaller cars and build a fully electric car for sale by 2019 As part of this new strategy, the [...]
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  • CMA blamed for rising claims inflation

    • 18 September 2015
    • Posted by: Simon Wait
    • Category: News
    The failure of the Competition and Markets Authority (CMA) to take action over the motor market is partly to blame for rising claims inflation, according to Covéa Insurance chief executive James Reader The motor insurance market has been hit by rising claims inflation due to several factors including; the fact [...]
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  • Car hire firms to improve practices

    • 14 July 2015
    • Posted by: Simon Wait
    • Category: News
    Following an inquiry by the Competition and Markets Authority (CMA) that looked at insurance complaints, five of the biggest car hire firms in Europe have promised to act on customer complaints The inquiry that was supported by the European Commission, revealed that motorists felt pressurised into buying excess [...]
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  • CMA publishes data review findings

    • 19 June 2015
    • Posted by: Simon Wait
    • Category: News
    The CMA has today published a report into the collection and use of consumer data The report follows a call for information which was issued in January and draws on a range of evidence from businesses, consumers, regulatory bodies and academics, as well as research commissioned from DotEcon and Analysys Mason which [...]
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  • CMA publishes final motor insurance order

    • 19 March 2015
    • Posted by: Alan Feldberg
    • Category: News
    The Competition and Markets Authority (CMA) has published a final order, which sets out how changes resulting from its investigation into private motor insurance will be introduced and monitored In September last year, the CMA published its final report into the private motor insurance market which said that it [...]
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  • BIBA welcomes CMA extension

    • 19 March 2015
    • Posted by: Alan Feldberg
    • Category: News
    The British Insurance Brokers’ Association (BIBA) has welcomed the news that the Competition and Markets Authority (CMA) has extended the deadline for the implementation of the protected no claims bonus information remedy until the 1 August 2016 The move follows intense lobbying from BIBA and overwhelming [...]
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