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UK insurance industry welcomes CMA probe, report on digital comparison sites

( September 26, 2017, 13:53 GMT | Official Statement) -- MLex Summary: The Assocation of British Insurers trade body has said it is "good to see" the Competition and Markets Authority announce a probe into suspected anti-competitive practices in price-comparison website provision of home insurance products. It also welcomes the regulator's final report on digital comparison sites, which includes rules on standards. It suggests tighter rules on comparison sites using contracts with providers to restrict prices.The full text of the statement is below:...

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