ABI hits out at ‘crazy’ discount rate decision, claiming it could affect 36 million motorists
The Association of British Insurers has warned that cutting the discount rate so severely was a “crazy decision” that will affect millions of motorists.
The ABI said the decision to reduce the rate from 2.5% to -0.75 could affect 36 million motor policies.
Huw Evans, director general of the ABI, pictured, said: "Cutting the discount rate to -0.75%
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