UK insurer Direct Line to rein in costs as competition intensifies
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(Reuters) - Direct Line Insurance Group Plc on Wednesday laid out a plan to cut expenses and bolster digital presence, as Britain's biggest motor insurer set new medium-term targets following a period of stagnant prices and stinging competition.The plans, under Penny James who took on the top job this year, follow a 2.3% fall in number of policies in force to 14,837 for the three months ended Sept. 30.That underlined the company's struggles to keep up with competitive pricing offered by smaller..