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Credit hire: Groupama and MMA "close" to agreeing deal with Accident Exchange

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Credit hire firm Accident Exchange is said to be "close" to reaching a compromise agreement with Groupama, Provident and MMA Insurance which used Autofocus to demonstrate that Accident Exchange's rates were too high.

Chief executive of Accident Exchange, Steve Evans, is due to speak to the insurers today.

Groupama claims director Darren Wills said: "We have been in positive discussions with Accident Exchange to

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