Insurers pledge fairer premiums for long-term customers

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The insurance industry has pledged to crack down on “excessive” differences in premiums for new customers and existing policyholders.

The plan aims to iron out some of the controversial big differences between premiums for new and existing clients.The move follows new rules that force firms to display the previous year’s premium on renewal notices.
The new guidelines apply to home, motor and travel insurance, but not pet or health cover.

Article in full here http://www.bbc.co.uk/news/business-44039846

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