The financial watchdog may have finally brought insurers to heel

The FCA’s honest, simple ban on ‘price walking’ could end a long-running business model that punishes customer loyaltyWhen it first looked at insurers’ price-gouging tactics a couple of years ago, the Financial Conduct Authority floated the entertaining idea of getting the entire UK population to renew, or switch, its car and home insurance policies on the same day every year.It used to work well in Hungary, apparently. A one-day frenzy ensured there were fewer opportunit