FSCS general insurance compensation falls as shadow of Enterprise's collapse recedes
The cost of compensating customers of failed general insurance companies through the Financial Services Compensation Scheme has fallen for a second year running, with both the scheme’s GI provision and distribution classes seeing reduced payouts year-on-year.
In the year to the end of March 2021, the FSCS paid £126.2m in claims against failed general insurers and brokers – a 14% decrease on the £146.4m paid out last year.
The vast majority of compensation
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