Association of British Insurers Issues Statement on Regulation of Claims Management Companies

LONDON, England, April 1 -- The Association of British Insurers issued the following statement by General Insurance Policy Director James Dalton on the regulation of claims management companies:

"This crackdown on the compensation cowboys is long overdue.

"For too long, too many people have been pestered by unwanted calls, texts and emails from firms that often try to encourage dishonest compensation claims, at the expense of honest customers.

"This tougher regulation should weed out the rogue firms, and provide anyone thinking of using a firm with important information, including fees they may have to pay, and other free alternatives available to pursue a genuine claim."