UK watchdog tells insurers to be flexible over claims during epidemic
Reuters
Published Mar 19, 2020 11:47
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."
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Written By: Reuters
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