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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)