Dual pricing – the “crack cocaine” of insurance
Experts respond to the Citizens Advice super complaint.
“Dual pricing is like crack cocaine. Once you get into it and use it then it’s almost impossible to wean yourself off of it.
“Every single player in the market is hooked on crack cocaine,” Ian Hughes, chief executive of Consumer Intelligence told Insurance Age.
The comments followed the Citizens Advice super complaint to the Competition and Markets Authority (CMA) which slammed the practice of overcharging loyal customers and warned again that consumers are being ripped off.
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