| Heading: |
Motor Insurance |
| Question ID: |
1808131 |
| UIN: |
56497 |
| House: |
Commons |
| Date tabled: |
2025-06-02 |
| Asking Member ID: |
5201 |
| Asking Member display name: |
Victoria Collins
|
| Asking Member handle: |
TweetingCollins
|
| Asking Member Twitter reference: |
@TweetingCollins
|
| Member interest: |
false |
| Question text: |
To ask the Chancellor of the Exchequer, whether the Financial Conduct Authority plans to review the methods used by car insurers to determine vehicle valuations in write-off settlements. |
| Is named day: |
false |
| Date of holding answer: |
|
| Date answered: |
2025-06-09 |
| Date answer corrected: |
|
| Is holding answer: |
false |
| Is correcting answer: |
false |
| Answering Member ID: |
4077 |
| Answering Member display name: |
Emma Reynolds
|
| Answering Member handle: |
emmaforwycombe
|
| Answering Member Twitter reference: |
@emmaforwycombe
|
| Correcting Member ID: |
|
| Correcting Member display name: |
|
| Correcting Member handle: |
|
| Correcting Member Twitter reference: |
|
| Answer text: |
How insurers value vehicles in write-off settlements are a matter for the Financial Conduct Authority who is operationally independent from the Government. The Financial Conduct Authority published its findings of a multi-firm review into insurers’ claims... |
| Original answer text: |
|
| Comparable answer text: |
|
| Answering body ID: |
14 |
| Answering body name: |
Treasury |
| Tweeted: |
true |