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Taxi Trade against extortionate reserves added to insurance policies

Submitted on Friday 30th April 2021

Rejected on Wednesday 5th May 2021

Current status: Rejected

Rejection code: irrelevant (see below for details)

Petition Action

Taxi Trade against extortionate reserves added to insurance policies

Petition Details

To stop insurance companies from putting massive reserves against taxi companies and drivers when the accidents are not our faults


You can't sign this petition because it was rejected. But you can still comment on it here at Repetition.me!

This petition was rejected

The Government e-Petitions Team gave the following reason:

The identification of risk and resulting pricing and structure of insurance premiums is a matter for individual insurers, not the UK Government or Parliament.

If you wish to complain about a particular insurance company, you can do so through the Financial Ombudsman Service. You can find out more about how to do this here: www.financial-ombudsman.org.uk/consumers/complaints-can-help/insurance and here: www.financial-ombudsman.org.uk/businesses/complaints-deal/insurance.

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