The Financial Services Compensation Scheme (FSCS) has predicted there will be a surge in the number of complaints against general insurance intermediaries in 2005/06.
In its 2005/06 plan and budget document published today, the FSCS said it was “difficult to estimate with confidence the number of failures or claims.”
But it predicted there would be between 700 and 1,000 complaints in the first year of FSA regulation.
The FSCS also said that the levy paid by general insurers to the scheme would drop by £40m in 2005/6 to £95m.
Insurance intermediaries will be expected to contribute £1.7m to the fund and running costs of the FSCS, the budget forecast said.
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.
