You could be set to save money on your insurance as a 'price walking' ban comes into effect today in Ireland.
The new rules put in place by the Central Bank of Ireland have come into effect today, the 1st of July.The measure is part of broader efforts to reform the insurance sector being led by Minister of State at the Department of Finance Seán Fleming. Also known as dual pricing, it involves insurers using algorithms and other data techniques to identify vulnerable customers who are unlikely to shop around at renewal time.
Source: Insurance Report (insurancereport.net)
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Loyal customers overcharged for insurance should start to see prices fall under new rulesPractice known as price-walking or a ‘loyalty penalty’ banned from today
Source: IrishTimes - 🏆 3. / 98 Read more »
Loyal insurance customers could save nearly €300 a year under new rules | NewstalkThe new rules mean insurance companies have to offer existing customers the same deals they offer new ones. Rip everyone off equally yay !!!! I recently got my renewal notice and it was €100 more than last year. I went online and got a quote from the same insurer as a new customer and it was over €100 cheaper. Got my renewal from AVIVAIRELAND a few weeks ago ..been with them years ..30% more expensive than last year … no claims … year old car … no reason for the hike . Never again. I’m moving to a competitor now and adding teenage son which aviva wont get
Source: NewstalkFM - 🏆 19. / 55 Read more »
Govt to make changes to tips and service charges rulesService charges on restaurant bills will be banned unless the money goes straight to staff. New legislation is being introduced to prevent employers from using tips or gratuities to make up basic wages. Read more: about time About time. Presumably pooled to include kitchen staff? Seems unfair for it all to go to waitstaff when chefs and others make the magic? And no....I could boil an egg.
Source: rtenews - 🏆 1. / 99 Read more »
Labour market seeing 'remarkable' recovery after CovidThe new Central Bank research highlighted that the growth in employment and labour force participation has been mainly driven by women over 35 and younger people.
Source: RTEbusiness - 🏆 16. / 61 Read more »
New EU roaming rules come into forceNew EU roaming rules for mobile phone users have come into effect, which allow travellers to make calls and use the internet while abroad without extra charges.
Source: rtenews - 🏆 1. / 99 Read more »