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Home insurance Archive

FCA issues to “remarkable” insurer failings because it launches “fundamental” marketplace assessment

Chris Woolard on why the regulator felt it needed to act. Financial Conduct Authority (FCA) board member and director of technique and pageant, Chris Woolard, has admitted it discovered “less than we would expect” when it investigated pricing controls at …

Industry willing to paintings with FCA following twin pricing evaluate

Biba and the ABI welcome the FCA’s transfer, agreeing with the regulator that the marketplace must paintings in addition to imaginable for all consumers. Insurance business our bodies have welcomed the Financial Conducts Authority’s (FCA) marketplace learn about into common …

FCA boss’ CEO letter warns of disasters, twin pricing and possibility of discrimination

Andrew Bailey sends pricing practices caution. Andrew Bailey, leader govt officer of the Financial Conduct Authority (FCA) has written to insurance coverage CEOs to focus on the dangers of “significant harm and poor outcomes for consumers” present in its investigation into …

FCA calls on trade to proceed paintings on twin pricing

Regulator issues to guiding rules from Biba and the ABI revealed in May this year. The Financial Conduct Authority (FCA) has prompt the trade to “continue the work underway” round common insurance coverage pricing practices. The regulator as of late (31 …

FCA to take on twin pricing usually insurance coverage marketplace learn about

Chief govt highlights it’s going to believe “all possible remedies” to make the marketplace paintings for customers. The Financial Conduct Authority (FCA) has introduced its investigation into how insurers fee home and motor consumers. The transfer delivers on the promise …

AA reviews flat home insurance coverage premiums for Q3 2018

The cost of insuring a home “remains remarkable value for money”. The newest AA Shoparound Index has printed that a regular home blended constructions and contents policy quote slipped by means of 1.2% within the 3rd quarter of 2018 to …

Dual pricing – the “crack cocaine” of insurance coverage

“Dual pricing is like crack cocaine. Once you get into it and use it then it’s nearly inconceivable to wean your self off of it. “Every single player in the market is hooked on cracked cocaine,” Ian Hughes, leader government …