The UK OFT provisionally decides to refer private motor insurance market to Competition Commission

United Kingdom: The Office of Fair Trading provisionally decides to refer Private Motor Insurance Market to Competition Commission* On 31 May 2012, the Office of Fair Trading (OFT) provisionally decided to refer the private motor insurance market to the Competition Commission after it found evidence that insurers compete in a dysfunctional way that may push up premiums for drivers by £ 225 000 000 (€ 279 000 000) a year. These findings follow a market study launched by the OFT in December 2011. After a road traffic accident, the at-fault driver’s insurer is responsible for meeting the cost of

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European Competition Network Brief, The UK OFT provisionally decides to refer private motor insurance market to Competition Commission, 31 May 2012, e-Competitions Bulletin Automobile, Art. N° 48455

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