More than £47m of car insurance claims rejected
Over £47 million worth of motor insurance claims were rejected during the second half of 2021, new research has found.
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Insurers warned they must offer fair settlements when cars are written off
The Financial Conduct Authority (FCA) said it has seen evidence some people left with written-off cars after an accident are being offered a price lower than the vehicle’s fair market value by their insurance providers.
Insurance reforms have seen rapid acceleration in price of car premiums
At the start of 2022, new rules were put in place to stop insurers charging higher prices to loyal customers who automatically renewed their premiums each year, with discounts only offered to new customers.
Insurance renewals can no longer be more expensive than deals for new customers
The new rules are being brought in by the Financial Conduct Authority (FCA) and are expected to save consumers £4.2 billion over the next 10 years.
Higher insurance premiums for loyal customers banned by regulator
New rules are to be introduced to stop car and home insurers from imposing so-called loyalty penalties on customers, the financial watchdog has announced.
PSA and FCA shareholders agree to merger
Shareholders of Fiat Chrysler and PSA Peugeot decisively voted to merge the US-Italian and French manufacturers to create the world’s fourth-largest car company.
PSA-FCA merger set for EU approval
Groupe PSA (PSA) and Fiat Chrysler Automobiles (FCA) are reportedly set to win EU approval for their merger and create ‘Stellantis’.
How big are the loyalty penalties paid by home and motor insurance customers?
Loyal home and motor insurance customers could find themselves paying significantly more than new customers, the City regulator has found.
Groupe PSA and FCA merger will be called Stellantis
Groupe PSA and Fiat Chrysler Automobiles have revealed that the corporate name of their new merger will be #STELLANTIS
EU Antitrust Regulators Concerned About FCA-PSA Merger
Fiat Chrysler Automobiles and France’s PSA Group announced last October intentions to combine the automakers into one massive conglomerate, and since then, it’s been smooth sailing through the regulatory process — until now.
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EU Regulators Looking To Clear FCA-PSA Merger By June 17
Antitrust regulators in the European Union will make a determination on June 17 whether or not to clear the $50 billion merger between Fiat Chrysler Automobiles and PSA Group, Reuters reports.
FCA And PSA Boards Sign Off On $50 Billion Merger
The boards of PSA Group and Fiat Chrysler Automobiles (FCA) have each approved a binding agreement for a $50 billion merger, Reuters reports.
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FCA-PSA Merger Could Put European Factories In Danger
Despite Fiat Chrysler Automobiles and PSA Group saying that their merger will not affect any manufacturing facilities, a report surfaced saying that factories in Europe are likely to come under heavy strain.
(more…)Fiat Chrysler confirms merger talks with PSA group
Italian-American firm Fiat Chrysler Automobiles has confirmed that it is in talks with French rival PSA – which owns Vauxhall – over a tie-up to create one of the world’s biggest carmaker.
Car insurance regulator launches pricing investigation
The UK’s financial regulator has confirmed that it will investigate the way in which firms charge their customers for home and motor insurance.