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Recent insurance-related news from around the world. (Photo: Shutterstock) Recent insurance-related news from around the world. (Photo: Shutterstock)

Editor’s Note: Here is a round-up of recent property & casualty insurance news from outside the U.S.

The U.K.’s markets regulator, the Financial Conduct Authority, announced plans to overhaul the way insurers price home and car coverage in an effort to save consumers 3.7 billion pounds ($4.7 billion) over 10 years, Bloomberg reported. The proposed changes would ensure renewal clients pay no more than new clients for the same coverage and will also make it easier for customers to stop automatic policy renewals.

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Heather A. Turner

Heather A. Turner is the managing editor of ALM's NU Property & Casualty Group. She can be reached at [email protected].

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