Insurance regulators in the United Kingdom have found some problems with several online insurance quote aggregators, raising concerns as to whether the companies responsible for these websites were treating customers fairly. The Financial Services Authority has found instances of compliance failure with websites dealing in home and auto insurance. The regulatory group has been reviewing this particular sector of the insurance industry for several months now in an attempt to curtail fraud. So far, 19 companies have been found as failing to adhere to regulatory rules. Investigators reportedly discovered failures…
Read MoreTag: cheapest uk car insurance
U.K. government clamps down on uninsured motorists
The United Kingdom has had a troubled past with uninsured motorists. The government decries the lack of insurance coverage as an unnecessary and dangerous risk. To combat the plight, the Department of Transportation has instituted a new system, which they are calling Continuous Insurance Enforcement. Drivers who fail to renew or otherwise obtain insurance coverage will have their vehicle clamped, seized and destroyed. The initiative has drawn outrage from the nation’s motorists. Motoring groups warn that innocent drivers will be at risk of having their vehicles taken away should they…
Read More