FCA Warns Insurers Falling Short As Dual Pricing Rules Loom

By Martin Croucher (August 25, 2021, 12:07 PM BST) -- Too many insurers are failing to meet standards for protecting customers, and could face penalties after a major pricing shakeup takes effect in less than two months, the City watchdog warned on Wednesday.

The Financial Conduct Authority said that some insurance companies had failed to ensure policyholders were being charged a fair price for their cover. The warning came after a wider review by the watchdog into how well companies had implemented earlier guidance on product governance.

The regulator said insurers had in some cases failed to remove high broker commissions from products, in line with regulations issued in 2019, which...

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!

TRY LAW360 FREE FOR SEVEN DAYS

Related Sections

Companies

Government Agencies

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!