Car insurers to pay 270,000 drivers share of £200m compensation
by Hilary Osborne from World news | The Guardian on (#705BE)
FCA review finds motorists were short-changed when their vehicle was stolen or written off
An estimated 270,000 drivers are receiving a total of 200m compensation from car insurers after the regulator found they were short-changed when their vehicle was stolen or written off.
The money is being paid out after a review by the Financial Conduct Authority (FCA) which found insurers had undervalued vehicles when paying out on claims.
Continue reading...