Violation Tracker UK Individual Case

Company: Lloyds Bank General Insurance Limited
Current Parent Company: Lloyds Banking Group
Penalty: £90,688,400
Year: 2021
Date: 8 July, 2021
Offence Group: consumer-protection-related offences
Offence Type: insurance violation
Violation Description: The FCA 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.
Action Type: agency action
Agency: Financial Conduct Authority
HQ Country of Parent: United Kingdom
Ownership Structure of Parent: publicly traded
Major Industry of Parent: financial services
Specific Industry of Parent: banking
Source of Data: (click here)