Enterprise: FSCS says “first obligation to meet live claims”

Money down drain

The Financial Services Compensation Scheme has advised that its first responsibility with regard to the collapsed insurer Enterprise is to "pay live claims".

CEO Mark Neale said in a blog post: "The FSCS' first obligation is to meet live claims under these policies. That is essential to getting businesses and individuals back on their feet after an insured risk, like a motor accident, has occurred."

Neale advised that the FSCS was exploring a number of options in relation to Enterprise

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