Rejected petition Taxi Trade against extortionate reserves added to insurance policies

To stop insurance companies from putting massive reserves against taxi companies and drivers when the accidents are not our faults

This petition was rejected

Why was this petition rejected?

It’s about something that the UK Government or Parliament is not directly responsible for.

The identification of risk and resulting pricing and structure of insurance premiums is a matter for individual insurers, not the UK Government or Parliament.

If you wish to complain about a particular insurance company, you can do so through the Financial Ombudsman Service. You can find out more about how to do this here: https://www.financial-ombudsman.org.uk/consumers/complaints-can-help/insurance and here: https://www.financial-ombudsman.org.uk/businesses/complaints-deal/insurance.

We only reject petitions that don’t meet the petition standards.

Date submitted 30 April 2021
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