Credit hire
ABI says politicians 'need to act' after CMA 'ducks' credit hire challenge
The Association of British Insurers has slammed the Competition & Markets Authority’s failure to tackle “excessive” credit hire costs, claiming they are likely to lead to higher charges for consumers.
CHO chief urges insurers to 'get round the table' after CMA's credit hire U-turn
Credit Hire Organisation chief executive Martin Andrews has called on insurers to work with the credit hire industry after the Competition and Markets Authority said it will not take action over credit hire costs.
CMA finds 'no effective remedy' for credit hire costs
The Competition and Markets Authority will take no action on credit hire practices after finding that there is “no effective and proportionate remedy” in its final report into the private motor market.
Insurers braced for disappointment as CMA motor report deadline approaches
Disparity between credit hire and direct hire costs among most contentious issues
Industry frustrated as CMA considers U-turn on capping credit hire costs
CHO boss Evans launches complaint to CMA over direct hire practices
Enterprise and CHO clash over CMA complaint
Enterprise and the Credit Hire Organisation have crossed swords after CHO chairman Steve Evans wrote to the Competition and Markets Authority to demand an investigation into direct hire practices.
ERAC Spotlight: Aiming Hire
Are technological advances and regulatory changes the answer to the insurance industry's problems with credit hire?
CMA report provides boost but industry bemoans missed credit hire opportunity
Industry concerned inaction on subrogated repair costs prevents level playing field
CHO hails competition probe backing for modified GTA
The Credit Hire Organisation has welcomed the Competition Market Authority’s proposals this morning as a validation for the general terms of agreement held between insurers and credit hire firms.
ABI heralds credit hire cap plans
The Association of British Insurers has welcomed plans to limit the cost of providing a replacement vehicle as an at-fault insurer as part of package of reforms unveiled the Competition and Markets Authority.
CHO urges CMA to adopt existing framework for credit hire claims
The Credit Hire Organisation is urging the Competition and Markets Authority to use the existing credit hire claims settlement framework when it issues its final report on competition in the private motor insurance market.
Helphire unveils Redde rebrand
Helphire is to change its name to Redde in a bid to better reflect its range of accident management offerings.
CHO boss says ‘self interested’ insurers are hampering fight against fraud
DAC Beachcroft estimates credit hire fraud is worth up to £75m a year
Zurich hails successful appeal against £95k car hire bill
Zurich has welcomed a court of appeal ruling that the insurer should not have to pay £95 000 in car hire and storage charges because the claimant should have bought a replacement car at an earlier stage.
Seventeen arrested in credit hire crackdown
Seventeen people suspected of credit hire fraud were arrested in raids across England on Wednesday morning.
Lowered credit hire costs remain 'unacceptable' says ABI
The impact of credit hire on motor premiums remains unacceptable according to the Association of British Insurers, in spite of revised figures being issued by the Competition Commission this week.
CHO chairman demands further credit hire estimate cuts
Competition Commission reductions to the cost to credit hire do not go far enough according to Steve Evans, chairman of the Credit Hire Organisation.
Competition Commission cuts £30m from credit hire cost estimates
The Competition Commission has admitted errors in its figures on the cost of credit hire, lowering its estimated impact on motor premiums.
C-Suite: Different expectations pose risk
The government and the industry are not on the same page when it comes to motor premium reductions.
Implications of RSA motor repair victory to be assessed by competition body
Court of Appeal rejects Allianz and Covéa case against RSA’s subrogation model.
Interview: Tim Wallis: Man in the middle
Tim Wallis, chairman of the Claims Portal, tells Post of his pride in his mediation work and reveals he is working on the possibility of launching a credit hire portal.
Industry divided over Competition Commission’s motor recommendations
CC cost-cutting suggestions include banning credit hire referral fees
ABI boss claims CC findings on motor repairs contain 'fundamental flaws'
The Competition Commission’s findings on vehicle repair is at odds with insurers’ own complaints data, the Association of British Insurers has claimed.
Credit Hire Organisation slams CC motor proposals
The Credit Hire Organisation has criticised the Competition Commission’s motor proposals saying they would disadvantage non-fault drivers and reduce competition by favouring insurers.