OFT to refer credit hire study to Competition Commission
The Office of Fair Trading has provisionally decided to refer the private motor insurance market study to the Competition Commission after finding that insurers were too "distracted" with lowering costs and pushing up rivals' premiums to provide policyholders with quality replacement vehicle services.
The OFT also criticised insurers' lack of control of at-fault drivers over the cost of repairs and vehicle replacement for the not-at-fault driver, creating an "inefficient" system where insurers
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