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Tougher regulation of CMCs should weed out rogue firms

The regulation of claims management companies moves to @TheFCA today.

James Dalton, Director, General Insurance Policy, Association of British Insurers, said:

James Dalton, Director, General Insurance Policy“This crackdown on the compensation cowboys is long overdue. For too long, too many people have been pestered by unwanted calls, texts and emails from firms that often try to  encourage dishonest compensation claims, at the expense of honest customers. This tougher regulation should weed out the rogue firms, and provide anyone thinking of using a firm with important information, including  fees they may have to pay, and other  free alternatives available to pursue a genuine claim.”

Last updated 01/04/2019