FSCS calls on brokers to help form response to Alpha failure
First time the body has requested market input in this way.
The Financial Services Compensation Scheme (FSCS) has asked brokers and claims handling firms to get in contact to discuss ways to help Alpha Insurance policyholders.
The call was in response to the collapse of the unrated Danish insurer which went bankrupt earlier this month prompting a crisis in the UK taxi market.
An email to the market – entitled Update for brokers (managing general agents) for Alpha Insurance, and claims handling firms who acted on behalf of Alpha Insurance or their
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