The Financial Services Compensation Scheme (FSCS) and the Association of British Insurers (ABI) claim to have paid or sent acceptance documents to claimants' solicitors on 67% of outstanding Chester Street claims.
They also claim to have paid or sent acceptance documents on 74% of claims agreed since 1 March. The payments come to more than £3m. The figures were revealed at a meeting between the FSCS and Scottish Secretary of State Helen Liddell. It was announced the FSCS, the ABI, Iron Trades Management Services and the Chester Street scheme administrators had agreed a service standard to ensure payments are made within 25 days of damages being agreed.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
