The FCA has fined LBGI (Lloyds Bank General Insurance Limited, St Andrew’s Insurance Plc, Lloyds Bank Insurance Services Limited and Halifax General Insurance Services Limited) £90,688,400 for failing to ensure that language contained within millions of home insurance renewals communications was clear, fair and not misleading.
New data highlights that car insurance prices plunged across the board due to changes in driving habits because of the Covid-19 pandemic. With fewer people on the road, people driving much less, and fewer accidents, prices have fallen to their lowest in six years.
In a significant blow for CompareTheMarket, the Competitions and Market Authority (CMA) has ruled that the leading price comparison website's restrictive contract terms were responsible for inflating home insurance premiums over two years. CompareTheMarket has been ordered to pay a fine of £17.9 million by the market regulator.
As we live longer and funeral expenses continue to increase, many over the 50s are looking towards specialist life insurance cover. A simple health and lifestyle questionnaire will determine your eligibility. So, what do companies such as British Seniors have to offer?
While there are many different types of indemnity insurance, the most common relates to property purchases. An indemnity will protect the individual from claims made in the future due to negligence or failure to act, leading to financial loss. It may seem like an additional cost that can be avoided, but indemnity insurance can be worth its weight in gold!
As regulatory adjustments to the UK financial sector continue unabated, what do upcoming changes to the insurance industry mean for you? Fairer treatment of loyal customers is at the centre of the recent proposals and the introduction of more transparent pricing policies. Loyal customers are finally being rewarded!
Whether you’re looking for cheap car insurance or want to know how to get a policy with relevant benefits and features, this guide tells you all you need to know.
The Financial Conduct Authority (FCA) has announced regulatory changes that will stop insurance companies from charging loyal customers higher premiums than new ones. This move will help vast numbers of people save significant sums of money when renewing their insurance policies.