Specialist motor insurance loss adjuster Claims Management & Adjusting says new Office for National Statistics figures showing an 8% annual increase in vehicle thefts are shockingly unsurprising. According to the ONS’s latest Crime Survey for England and Wales instances of “theft or unauthorised taking of a motor vehicle” increased from 122,423 in the year October 2021 to September 2022, to … [Read more...]
Con-artists are recovering their own cars
The latest used car scam is restealing, warn investigtors. The UK’s oldest specialist motor insurance loss adjuster, Claims Management & Adjusting, has reported a worrying increase in the used car scam, particularly in the North of England. The con sees an unsuspecting consumer purchasing a cloned vehicle, only to have it stolen within days by the very people who sold it to them. The … [Read more...]
Tradelines 27 September
A new study by Auto Trader has found that the number of people claiming they’ll never buy an EV has nearly doubled, on the back of the government’s U-turn last week. Of the 1,700 in-market car buyers who responded to questioning, 37 per cent said they were unlikely to ever buy an EV and the figure is close to double the 21 per cent of people who said they would never go electric when the 2030 ban … [Read more...]
RAC urges Government to force fuel changes
The RAC is concerned that Government plans to monitor pump prices are little more than window dressing. Grant Shapps is meeting supermarket bosses today after a report found the big retailers were profiteering from higher prices and not timely cutting them when wholesale costs fell. The Government has suggested a price monitor but this already exists with many smart phone apps and the RAC wants … [Read more...]
£1.54 Billion bill for stolen vehicles but recoveries fall
Britain's oldest specialist motor insurance loss adjuster estimates that vehicle thefts are now costing UK insurers £1.54billion a year, with a further decline reported in the stolen car recovery rate. Claims Management & Adjusting Ltd. Managing Director, Philip Swift, a former police detective, said, “Vehicle theft costs to UK insurers increased again last year, up by £100m to £1.54bn. With … [Read more...]
Gov. will probe supermarkets’ fuel pricing
The Competition and Markets Authority will probe fuel prices and the role of Supermarkets in a study it began last year. While the evidence shows that the majority of fuel price increases are due to global factors, such as the Russian invasion of Ukraine, indications are that higher pump prices cannot be attributed solely to factors outside the control of the retailer, the CMA said in a … [Read more...]
Newslines 15 February
The supply of used diesel cars is dwindling in parts of the UK, with market share falling by as much as 40% in a year in some areas, analysis by AA Cars. Sales of new diesel and petrol cars will be banned from 2030, and some drivers have already begun shifting to greener vehicles while the introduction of Clean Air Zones and higher taxes on the most polluting models have steadily made diesels … [Read more...]
Call for clarity on “auto-renewed” policies
The Financial Conduct Authority has provided a further update on the work it is undertaking to tackle the ‘loyalty penalty’ faced by millions of financial services customers and other issues raised by the Citizens Advice super-complaint to the Competition and Markets Authority in 2018. GoCompare has been involved in the consultation and Lee Griffin, the CEO and one of the founders of … [Read more...]
Highways England is destroying accident evidence
An insurance claims management company has lodged a formal complaint with Highways England over destruction of potentially vital CCTV evidence. “When Highways England are aware of an incident, why on earth is the CCTV footage not retained?”, said MD Philip Swift, of Claims Management & Adjusting has formally written to Highways England about its National Control Centre’s CCTV footage being … [Read more...]