Allegations seven motor insurance firms signalled price rises to cut competition

Allegations seven motor insurance firms signalled price rises to cut competition

The preliminary findings have been “strongly rejected” and will be "vigorously challenged” by Brokers Ireland.

Seven major motor insurance companies allegedly co-operated in anti-competitive behaviour which could drive up costs to consumers.

The Competition and Consumer Protection Commission (CCPC) issued preliminary findings to five insurers, an insurance industry trade association and an insurance broker.

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