Car insurers to pay 270,000 drivers share of £200m compensation

FCA review finds motorists were short-changed when their vehicle was stolen or written offBusiness live – latest updatesAn estimated 270,000 drivers are receiving a total of £200m compensation from car insurers after the regulator found they were short-changed when their vehicle was stolen or written off.The money is being paid out after a review by the Financial Conduct Authority (FCA) which found insurers had undervalued vehicles when paying out on claims. Continue reading...