{"id":3924,"date":"2018-11-02T16:03:17","date_gmt":"2018-11-02T16:03:17","guid":{"rendered":"http:\/\/www.styledeals.co.uk\/blog\/comparethemarket-may-be-breaking-the-law-says-cma\/"},"modified":"2018-11-02T16:03:17","modified_gmt":"2018-11-02T16:03:17","slug":"comparethemarket-may-be-breaking-the-law-says-cma","status":"publish","type":"post","link":"https:\/\/www.styledeals.co.uk\/blog\/comparethemarket-may-be-breaking-the-law-says-cma\/","title":{"rendered":"Comparethemarket may be breaking the law, says CMA"},"content":{"rendered":"\n<div property=\"articleBody\">\n<figure class=\"media-landscape no-caption full-width lead\"><span class=\"image-and-copyright-container\"><\/p>\n<p>                <img loading=\"lazy\" decoding=\"async\" class=\"js-image-replace\" alt=\"mobile phone\" src=\"https:\/\/ichef.bbci.co.uk\/news\/320\/cpsprodpb\/0D92\/production\/_104147430_gettyimages-936130710.jpg\" width=\"976\" height=\"549\"\/><span class=\"off-screen\">Image copyright<\/span><br \/>\n                 <span class=\"story-image-copyright\">Getty Images<\/span><\/p>\n<p>            <\/span><\/p>\n<\/figure>\n<p class=\"story-body__introduction\">Price comparison site Comparethemarket might be keeping the cost of home insurance premiums artificially high, according to the competition watchdog.<\/p>\n<p>In a provisional finding, the Competition and Markets Authority (CMA) accused the company of using contracts with insurers to stop them advertising more cheaply elsewhere.<\/p>\n<p>As a result, it said the site could be breaking the law.<\/p>\n<p>Comparethemarket said it was disappointed by the CMA&#8217;s finding.<\/p>\n<p>It said it would work with the regulator to ensure a satisfactory outcome.<\/p>\n<ul class=\"story-body__unordered-list\">\n<li class=\"story-body__list-item\"><a href=\"https:\/\/www.bbc.co.uk\/news\/business-45261261\" class=\"story-body__link\">Price comparison sites &#8216;riddled with errors&#8217;<\/a><\/li>\n<li class=\"story-body__list-item\"><a href=\"https:\/\/www.bbc.co.uk\/news\/business-41397673\" class=\"story-body__link\">Consumers told to use more than one price comparison site<\/a><\/li>\n<\/ul>\n<p>As a result of the contracts, the CMA said customers could be missing out on lower cost home insurance policies. <\/p>\n<h2 class=\"story-body__crosshead\">Possible fine<\/h2>\n<p>Comparethemarket now faces a fine of up to 10% of its turnover.<\/p>\n<p>&#8220;Our investigation has provisionally found that Compare the Market has broken the law by preventing home insurers from offering lower prices elsewhere,&#8221; said CMA chief executive, Andrea Coscelli. <\/p>\n<p>&#8220;This could result in people paying higher premiums than they need to.&#8221; <\/p>\n<p>The CMA conceded that Comparethemarket had contacted insurers at the end of last year to say that the relevant clauses in the contracts would not be enforced.<\/p>\n<p>However, it said it was still concerned that the distortional effects might continue.<\/p>\n<p>The CMA will now wait to hear a response from Comparethemarket before deciding whether to impose a fine.<\/p>\n<\/p><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.bbc.co.uk\/news\/business-46072899\">Source<\/a> by <a href=\"\">[author_name]<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Image copyright Getty Images Price comparison site Comparethemarket might be keeping the cost of home insurance premiums artificially high, according to the competition watchdog. In a provisional finding, the Competition and Markets Authority (CMA) accused the company of using contracts with insurers to stop them advertising more cheaply elsewhere. As a result, it said the &hellip; <\/p>\n","protected":false},"author":0,"featured_media":3925,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-3924","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general"],"_links":{"self":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/posts\/3924","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/comments?post=3924"}],"version-history":[{"count":0,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/posts\/3924\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/media\/3925"}],"wp:attachment":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/media?parent=3924"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/categories?post=3924"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/tags?post=3924"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}