I have followed with interest your stories on the Motor Insurers' Bureau (MIB). Now the MIB has revealed it is fining 11 insurance companies for failing to meet the targets.
What disappoints me, however, is that it has not revealed the names of these companies. Why not?
A £250,000 fine would be painful, particularly for the smaller insurers, but naming and shaming the guilty parties would be a valuable thing to do.
The market has been working hard to reach compliance with the MIB target and it deserves to know those that have failed to make the grade.
Not only that but the naming and shaming of the errant insurers will, I'm sure, help to achieve continued long-term compliance with the targets.