( July 8, 2021, 13:21 GMT | Official Statement) -- MLex Summary: Lloyds Bank General Insurance has been fined more than 90 million pounds by the UK’s Financial Conduct Authority, for misleading consumers in communications regarding home-insurance renewals. The group, which includes Lloyds Bank Insurance Services and Halifax General Insurance Services, sent letters to millions of customers, making unsubstantiated claims that their renewal quote was of a “competitive price,” even though premium costs were rising.Statement follows. Final notice attached....
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