NEW insurance rules that came into effect in the UK this week are set to save consumers billions of euro. A similar ban on so-called price walking is set to come into force in this country in the summer, which could save consumers here huge amounts of money. Read MoreThe new rules are expected to save consumers £4.2bn (€5.02bn) over the next 10 years, the UK regulator said. It means anyone renewing their home or motor insurance policy will no longer be paying a “penalty” for their loyalty to providers. By the middle of next year the Central Bank will have that practice outlawed.

Source: Irish Independent January 05, 2022 23:57 UTC