questionText: To ask the Chancellor of the Exchequer, what assessment her Department has made of the effectiveness of the Financial Conduct Authority's powers in preventing insurers from applying excessive premium increases to non-fault claimants.
answerText: Insurers make commercial decisions about pricing and the terms of cover they offer based on their assessment of the relevant risks. This is usually informed by the insurer’s claims experience and other industry-wide statistics. However, the Government is ...
heading: Motor Insurance