FSCS pays £26m to Enterprise customers

UK finance

The body revealed payments had been made through brokers and directly following the liquidator cancelling Enterprise policies.

The Financial Services Compensation Scheme (FSCS) has revealed that it has paid £26m to Enterprise Insurance policyholders.

In an announcement made on 22 December the body noted: "We have now paid over £26m in compensation to more than 30,000 policyholders.

"This includes just over £17.6m for motor policy claims, a further £1m on non-motor policy claims and more than £7.8m for return of premium claims."

The move followed Enterprise Insurance being ordered to wind up business in July last year

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