Tag: Six million customers overpaying insurance premiums

Insurance

Six million customers overpaying insurance premiums, FCA says

Six million home and motor insurance holders are overpaying by a total of £1.2bn per year because firms are not giving loyal customers fair premiums, a watchdog has warned. The Financial Conduct Authority (FCA) found evidence of insurers overcharging long-standing customers through tactics such as selling policies to new consumers […]