Motor insurance firms face no hard sanctions for 'anti-competitive' behaviour

Competition watchdog says the companies' commitment on pricing is a more effective outcome than fines or litigation

Six car insurers and a brokers’ trade body will not be fined or face legal action despite findings of alleged behaviour that negatively impacted consumers.

The Competition and Consumer Protection Commission (CCPC) alleged the firms engaged in anti-competitive price signalling over a 21-month period, from 2015 to 2016, leading to premiums rising for consumers.