Insurers Urged To Refund Drivers From £29B In Motor Savings
Law360, London (February 5, 2021, 4:19 PM GMT) -- British auto insurers should give policyholders back some of the estimated £29 billion ($40 billion) fall in motor insurance claims during the government travel restrictions to beat the COVID-19 outbreak, a consumer group said Friday.
According to government data obtained by the Association of Consumer Support Organisation, there were 140,000 motor insurance claims recorded between October and December 2020, which is a 23% year-on-year fall.
The group also found that, overall, 172,000 injury claims were registered during that period, making it a decrease of almost 50,000 compared to the same period in 2019.
"The picture that emerges from last year is...
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