The new Financial Services Compensation Scheme (FSCS) may "avoid" making payments to sufferers of asbestos-related illnesses, the All Party Parliamentary Group on occupational health and safety has claimed.
The group has written to Financial Services Authority (FSA) chairman Howard Davies over its concerns about the FSCS, particularly its claims payment levels.
The letter also said: "We are concerned there might be room for the FSCS to avoid making payments if the claimant cannot provide evidence regarding the wording of the policy or the existence of the policy."
However, a FSCS spokeswoman said the scheme was bound by the rules set out under the Policyholders Protection Act 1975.
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.
