Latent defect premium insurance policyholders of bankrupt Alpha Insurance A/S will be compensated by the UK’s Financial Services Compensation Scheme (FSCS) as they are left with no coverage.
“This follows the collapse of the deal arranged by BCR Legal Group Ltd to provide replacement cover for Alpha’s 10-year latent defect/structural damage insurance policies due to a number of last-minute issues,” explained FSCS in an update, without specifying what led to the deal falling through.
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