FSCS pays out to Lamp home customers


The Financial Services Compensation Scheme (FSCS) has started paying out to Now4cover home insurance policyholders, following the collapse of unrated insurer Lamp.

Lamp applied for liquidation at the Supreme Court of Gibraltar earlier this year and the application was accepted by the court on 31 May.

FSCS explained that eligible policyholders will receive their compensation payments during the week starting 23 September 2019.

It detailed that the compensation payment will cover 90% of the

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