The price comparison site received a £17.9m fine for competition breaches last year
The Home Insurance Consumer Action Group has today (1 November 2021) filed an opt-out collective claim against price comparison site ComparetheMarket on behalf of over 20m UK consumers of home insurance.
In November 2020, the Competition and Markets Authority (CMA) fined ComparetheMarket £17.9m after it found the price comparison site had breached competition law in contracts with certain insurers that listed on its website.
Contracts with 32 insurers included wide ‘most favoured nation’ clauses which restricted those insurers from offering consumers lower prices on other comparison websites over two years.
The CMA concluded ComparetheMarket’s conduct affected competition between price com...