FCA's Insurance Dual Pricing Ban To Start From 2022
Law360, London (March 23, 2021, 11:54 AM GMT) -- The Financial Conduct Authority said on Tuesday that it will take action against insurers that continue to use unfair pricing practices from next year, as the regulator extends its deadline for implementing sweeping reform of the sector.
The watchdog will require insurers to charge existing home or motor insurance policyholders the same price they offer to new customers from next January. (iStock) The FCA said it expected insurers to have fully introduced its market fix by the end of 2021 for a ban on so-called price walking, which discriminates against existing customers. The reset of the deadline followed warnings from the...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!