CRL has deadline to replace Alpha policies extended

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The Financial Services Compensation Scheme (FSCS) has extended broker CRL Management’s deadline to find replacement cover for Alpha policies.

Unrated Danish provider, Alpha went bankrupt in May last year, prompting a crisis in the UK taxi market.

The organisation stated that CRL has now been given a further two weeks to find an alternative insurer to provide replacement cover for Alpha latent defect and structural damage insurance policyholders whose policies terminated last August.

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