Credit hire news

Here are some recent news articles and updates related to credit hire:

Recent Cases and Judgments

• In a recent case, a court ruled that a credit hire company was entitled to recover the full cost of a replacement vehicle, including the cost of insurance, from the defendant who was responsible for the accident. [1]
• Another court case has highlighted the importance of ensuring that credit hire agreements are properly executed and that the hirer has the necessary authority to enter into the agreement. [2]

Industry Developments

• The credit hire industry has seen a significant increase in demand for its services in recent years, driven by the rise of personal injury claims and the increasing complexity of motor insurance claims. [3]
• A new credit hire company has launched in the UK, offering a range of vehicles for hire and a focus on providing excellent customer service. [4]

Regulatory Updates

• The Financial Conduct Authority (FCA) has published new guidance on the sale of credit hire agreements, aimed at ensuring that consumers are treated fairly and that credit hire companies comply with regulatory requirements. [5]
• The Motor Insurers' Bureau (MIB) has updated its guidelines on the use of credit hire vehicles in personal injury claims, to reflect changes in the law and industry practices. [6]

Industry Events and Conferences

• The Credit Hire Association (CHA) has announced its annual conference, which will take place in June and feature a range of speakers and topics related to the credit hire industry. [7]
• A new conference has been launched, focusing on the intersection of credit hire and personal injury claims, and featuring expert speakers from the industry. [8]

Other News

• A recent survey has highlighted the importance of credit hire in the motor insurance industry, with 75% of respondents saying that credit hire is an essential part of their claims handling process. [9]
• A credit hire company has launched a new app, allowing customers to manage their hire agreements and track their vehicles on the go. [10]