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 … [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 … [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 … [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 … [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 … [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 … [Read more...]
