A bit of good news anyone? Almost two years ago, Watchdog released a statement which showed them cracking down on car insurance companies that like to rip us off. And the results are proving successful. We take a look back at the article from confused.com on how watchdog have actioned this.
In the words of confused.com in 2016: “Insurers will find it harder to get away with large and unfair premium increases at renewal time when new plans to improve transparency come into effect.”
“The Financial Conduct Authority (FCA) has just published plans which will force insurers to tell customers how much they are currently paying for cover when they send their annual renewal reminders.”
Quite amazingly, we can already see how Watchdog have successfully implemented these new laws. Let’s hope these insurance companies continued to be stopped.