The FSCS is stepping in to assist customers of Whiteley Insurance Consultants.
The FSCS has declared WIC in default to enable it to provide immediate assistance to the provisional liquidators for emergency claims that fall within the scope of its protection, whilst the financial position of the firm is being established.
FSCSs chief executive, Loretta Minghella says: We are naturally very concerned about the position of policyholders with emergency claims, particularly if the claim relates to emergency medical treatment.
He says: “We have taken the decision to assist the provisional liquidators with the payment of emergency claims, where we can, whilst the financial situation of the firm is being clarified.
FSCS can now consider emergency claims arising from business conducted on or after 14 January 2005. The provisional liquidators are currently trying to
establish the financial position of the firm, which may hinder its ability to meet some urgent claims immediately.