UK watchdog tells insurers to be flexible over claims during epidemic

LONDON (Reuters) – Changes in how consumers go about their daily lives because of the coronavirus pandemic must not make it harder to make insurance claims, Britain’s Financial Conduct Authority told insurers on Thursday.

“We are likely to see customers’ behaviours change because of the pandemic,” the FCA said in a statement.

“For example, this could mean that customers may need to work from home or commute by car. We would not expect to see their ability to claim impacted by circumstances over which they have little control.”

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.


See also  Softbank Group in talks to buy five percent stake in Wirecard - Bloomberg


Please enter your comment!
Please enter your name here