CMA says price comparison site may be breaking the law

The Competition and Markets Authority (CMA) has accused price comparison site ComparetheMarket of keeping the cost of home insurance premiums artificially high by using so-called “most favoured nation” clauses with insurers to stop them advertising more cheaply elsewhere. The finding could result in a fine of up to 10% of global group turnover for the company’s owner, the financial services group BGL.

BBC News Financial Times, Page: 16 The Daily Telegraph, Page: 16 Daily Mail, Page: 14 The Sun, Page: 34 The Guardian, Page: 45

Posted 03/11/2018