Tory MP condemns insurance ruling

A Tory MP has condemned the European Court of Justice's ruling to prevent the usage of gender when calculating insurance prices, saying the decision could lead to higher car insurance premiums for women drivers.

Philip Hollobone, who was speaking during business questions in the Commons, said the decision by the "European court of injustice" was a blow to common sense.

Commons Leader Sir George Young said the Government shared his "disappointment" at the judgment and said it is set to have talks with the Financial Services Authority (FSA) and Association of British Insurers (ABI) to "minimise the damage" caused by the ruling.

Sir George said: "We have made it absolutely clear that we think it was right to use gender in assessing risk and coming to a decision on premiums.

"We now plan to have a discussion with the FSA and the ABI to see how we can minimise the damage done by this decision to British consumers, both men and women."

Mr Hollobone (Kettering) believes the ruling is "yet another example of an unaccountable European institution striking a blow against good, old-fashioned common sense".

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