Warning that insurers valuing stolen cars at low prices in Britain

Britain's Financial Conduct Authority also warned 'influencers' that promoting a financial product without regulatory approval could be a criminal office

Following a review of multiple companies under its supervision, the Financial Conduct Authority, or FCA, said it found evidence some firms were offering customers less than what the written-off or stolen vehicle was worth and only increasing that offer when a customer complained.

Britain's financial watchdog has said it had found shortcomings in how some motor insurance firms were valuing written-off or stolen vehicles, despite previous warnings against unfair treatment of customers in this way.

Following a review of multiple companies under its supervision, the Financial Conduct Authority, or FCA, said it found evidence some firms were offering customers less than what the written-off or stolen vehicle was worth and only increasing that offer when a customer complained.