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Raids on insurance offices

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Officials from the Competition Watchdog have raided a number of insurances companies and brokers as part of an investigation into price fixing.

Officers from the Competition and Consumer Protection Commission carried out the raids this morning.

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Last September the CPCC launched an investigation into the industry amid concerns that companies were openly signaling price increases in breach of competition law.

A number of industry groups were issued with witnesses summons at the time.

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