£40 million levy refund for general insurance companies
Loretta Minghella, FSCS chief executive, said: "This refund is good news for general insurance firms. They will benefit from a £40 million refund in January. It reflects the continuing recoveries we have secured from the estates of general insurance providers who have gone bust, as well as lower than expected claims volumes and compensation payments."
FSCS said it expected to pay the refund, which will benefit some 250 firms, in January 2008. Coming before the FSCS funding system changes in
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact [email protected].
You are currently unable to print this content. Please contact [email protected] to find out more.
You are currently unable to copy this content. Please contact [email protected] to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
More on Regulation
Most read
- Aviva UK sees COR deteriorate and operating profit slip
- Tribunal overturns CMA Most Favoured Nation clauses ruling and £17.9m Compare The Market fine
- FOI reveals scale of FCA investigation into leaseholder insurance
- Policy Expert targets doubling within five years, says CEO Steve Hardy
- Gallagher denies negligence and breaches over Paradigm claim
- GRP-owned Newstead promotes Sarah Giles to managing director
- Chaucer’s head of insurance insists the industry must be more inclusive for women