Decreasing claims from older collapses outweigh costs of recent failures to the FSCS
Costs stemming from insurer failures – which account for the majority of general insurance-related compensation – decreased £32.9m, as a result of decreasing costs from older collapsed firms
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More on Broker
New ABI report on the industry's response to Covid-19
REPORT | We've published a report into the #insurance & #longtermsavings industry's response to the #Covid19 crisis which includes:
— ABI (@BritishInsurers) August 6, 2020
✈️ £275m in travel insurance claims
☎️ 200% increase in calls
❤️ £84m to charities via @C19SupportFund
Read more:https://t.co/GqJ3YCQdgZ pic.twitter.com/sY3rKq1SfD
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