Regulation of Car insurance companies
Car insurance companies are charging huge amounts for car insurance especially for young drivers. This is because they are constantly encouraging people to claim more and more money from other insurance companies which means premiums increase. There needs to be some regulation to stop insurance companies from referring victims of accidents and regulation to bring down the cost of motoring.
This e-petition has been rejected with the following reason given:
It did not have a clear statement explaining what action you want the government to take.
The following explanatory notes have been added:
Insurance companies are already regulated by the Financial Services Authority, which is accountable to H M Treasury.
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