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The FCA has published a “Dear CEO letter” focusing on BI insurance. The FCA estimate that most policies have basic cover and do not cover pandemics. So on those policies the insurer is not obliged to pay out claims relating to the coronavirus pandemic. Where it is clear that the firm has an obligation to pay out, The FCA expect insurers to assess and settle the claim quickly and we are encouraging insurers to issue interim payments. We also outline the access to the Financial Ombudsman Service.
The insurer is now calling on the government to reform the £5,000 flood resilience grant scheme to help homeowners make ‘proactive improvements’ …
7 Jul 2020
Having experienced two economic recessions during their 40-year history and now the Covid-19 pandemic, Ashbourne Insurance is delighted to have re-opened their …
24 Jun 2020
Resuming business after several months of lockdown can be demanding. What about all the issues and risks that need to be addressed? …
17 Jun 2020