Defrauded CIC policyholders granted rebate
The High Court has approved the Financial Services Authority's application for the distribution of £...
The High Court has approved the Financial Services Authority's application for the distribution of £655,000 to policyholders who bought insurance from CIC Insurance Company through UK-based intermediary insureyourshop.com. The scam left 1700 UK policyholders, which paid around £1.46m for employer's liability and material damage cover, without proper insurance.
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