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PostPosted: Thu Nov 24, 2016 8:09 pm 
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PostPosted: Thu Nov 24, 2016 8:10 pm 
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The Financial Services Compensation Scheme (FSCS) is stepping in to help customers of Gable Insurance as the troubled firm is now in default.

The FSCS said it is working with Gable’s liquidator, Batliner Wanger Batliner Rechtsanwalte, on the best way to compensate consumers who have a claim.

Gable sold various policies that may qualify for FSCS protection, including motor insurance and general liability insurance.

“FSCS protects the UK consumers of firms that passport in from Europe,” the compensation body previously said.

It has also advised Gable customers to contact their brokers and put alternative insurance in place before their policies expire on December 16.

Gable stopped writing new business in July and entered administration in October. The Financial Market Authority (FMA), Liechtenstein’s industry regulator, appointed PwC as the European non-life insurer’s special administrator.

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PostPosted: Thu Nov 24, 2016 8:47 pm 
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Liechtenstein,Gibraltar a bit of a pattern emerging here probably funds of the business spirited away and the owner living in a tax haven on a nice luxury yacht ? Annoying for any customers though I have never heard of these before so might not be too many drivers affected

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PostPosted: Thu Nov 24, 2016 9:58 pm 
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edders23 wrote:
Liechtenstein,Gibraltar a bit of a pattern emerging here probably funds of the business spirited away and the owner living in a tax haven on a nice luxury yacht ? Annoying for any customers though I have never heard of these before so might not be too many drivers affected



Like you never heard of them.


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PostPosted: Fri Nov 25, 2016 8:46 am 
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Nidge2 wrote:
edders23 wrote:
Liechtenstein,Gibraltar a bit of a pattern emerging here probably funds of the business spirited away and the owner living in a tax haven on a nice luxury yacht ? Annoying for any customers though I have never heard of these before so might not be too many drivers affected



Like you never heard of them.

I think he was referring to the insurance company and not the places.

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