Customers who stay with insurers punished with higher prices, Central Bank finds
PEOPLE who have been with an insurer for a long time end up paying the most for insurance, a probe by the Central Bank has found. This is due to what is known as dual-pricing where those who stay loyal to their insurer are punished with higher prices. Dual-pricing also sees insurers discriminating against the elderly and the vulnerable. The Central Bank said so-called dual pricing means customers who present the same risk and cost of service to an insurer paying different premiums. Insurance co...
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Source: independent.ie