Covid-19: MP calls for insurers to make full pay outs due to pandemic
Jonathan Edwards has signed an early day motion calling on the government to instruct all insurers to use dividends to pay Covid-19 claims.
An MP has tabled an early day motion (EDM) calling on the government to press insurers to use cancelled dividend payments to shareholders to pay all Covid-19 related claims.
In the EDM he also expressed concern that the Financial Conduct Authority (FCA) has advised insurers it sees no reason to intervene in cases where business interruption claims resulting from the coronavirus are not covered.
Edwards is the Plaid Cymru MP for Carmarthen East and Dinefwr.
Fine print
The EDM read: “This
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