Question of appropriate rate in credit hire is answered

During the course of 2013, there were two favourable Court of Appeal decisions for insurers; in Opoku and Umerji, but the joy was short lived as the CMA decided not to regulate the credit hire industry. Gavin Perry looks at a recent Court of Appeal decision in Stevens v Equity Syndicate Management Ltd (2015), which is likely to have a huge impact on the industry.

Might the Court of Appeal have succeeded in stemming the cost of credit hire claims where the CMA failed to act?

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Gavin Perry

Partner - Head of Credit Hire

I am a Partner in the Insurance team and Head of Credit Hire.