Latest thoughts from the FCA on increasing levels of compensation for mis-selling in the past. The Financial Conduct Authority (FCA) has published the feedback it received to its call for input on the framework for […]
Disclaimer – Your IE Editor is an MCE policyholder. MCE Insurance sent out an email today officially cancelling all policies from January 31st 2022. IE magazine contacted MCE’s website today and a LiveChat operative told […]
The FCA has recently published a Discussion Paper aimed at maintaining a compensation framework that provides appropriate protection for consumers, funded in a fair and sustainable way. The Financial Services Compensation Scheme (FSCS) provides compensation […]
The British Insurance Brokers’ Association (BIBA) has welcomed publication of the latest levy requirements from the Financial Services Compensation Scheme (FSCS), which will see its members no longer being asked to provide a significant contribution […]
Latest update from the FSCS; Gefion Insurance A/S (“Gefion”), a Denmark-based insurance company entered into insolvency proceedings on 7th June 2021. It is no longer paying claims. The FSCS declared the firm failed (in default) […]
The Financial Services Compensation Scheme (FSCS) declared 12 failed regulated firms in default during March 2020. FSCS announces these declarations regularly, to let consumers know they could get back the money they have lost as […]
OK, we missed this one in January, but just in case you missed it too, here’s the latest on Quick Sure Insurance Ltd, a Gibraltar-based insurance company, which was declared in default on Friday 24 […]
Here is the latest statement from the FSCS on the collapse of Alpha Insurance, who were specialists in the private hire and minicab driver market: Update for brokers (managing general agents) for Alpha Insurance, and […]
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