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European Salon de News, Discussion et Klatsch - 1 April | 94 comments (94 topical, editorial, 0 hidden)
Re: Economy and Finance (none / 1)
Car insurer Quinn driven into administration | Money | The Guardian

Motor insurer Quinn Direct, which specialised in low-cost policies for younger drivers and has 390,000 policyholders, has gone in to administration.

The insurer is part of an Irish company put into provisional administration in Dublin today amid concerns over its liabilities.

But drivers with Quinn policies in the UK will remain covered, according to City watchdog the Financial Services Authority.

The FSA said: "The Irish regulator has confirmed that existing policyholders in the UK will continue to be covered. Customers of the firm can continue to make claims and should continue to pay direct debits and premiums in the normal way."



Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Wed Mar 31st, 2010 at 01:41:54 PM EST
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European Salon de News, Discussion et Klatsch - 1 April | 94 comments (94 topical, 0 editorial, 0 hidden)
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