The Irish Independent has been highlighting for years the corrosive impact dual pricing has on loyal consumers of motor and home insurance. Differential pricing is the phrase used by regulators for dual pricing. An initial study of the controversial practice found it is being carried out by most of the 11 insurance firms inspected. The Central Bank found that the boards of insurance companies have not even considered the impact of dual pricing on customers. It comes as the Programme for Government commits to banning dual pricing.
Source: Irish Independent September 10, 2020 01:30 UTC