"Dysfunctional" motor market referred to Competition Commission
The Office of Fair Trading (OFT) has provisionally decided to refer the private motor insurance market to the Competition Commission.
The OFT said it made the decision after it found evidence that insurers compete in a dysfunctional way that may push up premiums for drivers by £225m a year.
It added it had reasonable grounds to suspect that features of the private motor insurance market prevent, restrict or distort competition.
In a market study, the government body found that insurers of drivers who are at fault in a road traffic accident have little control over the way in which subsequent necessary repairs and vehicle
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