ABI calls for FCA to regulate claims management sector
The Association of British Insurers has called for the Financial Conduct Authority to be appointed as the regulatory body responsible for claims management companies as "the current system is failing to provide enough of a deterrent to rogue firms".
As Post revealed last week, the ABI has discovered that 23% of CMCs were either warned or had their authorisation cancelled in 2014/15, compared to the 18% in 2012/13.
In its submission to the
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