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EN
270,000 UK motorists to receive £200m in motor insurance compensation
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Euro Weekly News
The FCA said customers do not need to take any action, as insurers are contacting those affected directly.
The FCA stressed that motorists do not need to use a claims management company, which may charge fees unnecessarily.
Why car insurers are paying out to UK motorists nowThe move follows a series of interventions by the FCA.
The compensation will come as welcome news for both UK-based drivers and British expats who kept UK-registered cars insured.
It also highlights the FCA’s broader Consumer Duty, requiring insurers to deliver fair value and handle claims promptly.
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