EU Commission rebuffs retailers’ request for an insurance probe
Retail Excellence Ireland had written to Brussels after allegations of cartel in motor insurance
The European Commission has told retailers it will need “robust evidence” to start an investigation into the rising cost of their insurance policies.
The country’s largest retail industry representative body wrote to the European Competition Commissioner Margrethe Vestager earlier this month after the commission launched a high-profile investigation into allegations of cartel activity in the motor insurance industry.
Retail Excellence Ireland (REI) deputy chief executive Lorraine Higgins asked Vestager to examine market practices ...
