Monday, 17 February 2014

"Insurers urged to process flood insurance misselling claims quickly"

From the BBC:

The prime minister is urging the insurance industry to deal with future claims arising from misselling of flood insurance as quickly as possible.

Mr Cameron's official spokesman said the insurance industry should do its best to maximise help to flood-hit victims by rejecting all claims under the original policies on the basis of some obscure small print or other as quickly as possible, followed by a "speedy" processing of all the misselling claims which will be submitted after the resulting shit storm.

He declined to say whether the sector should be offering "premium holidays" to those whose claims for flood damage will initially be rejected.

"I've heard Cornwall's nice," added the Prime Minister.

It is hoped that flood victims will have received their compensation payments for missold insurance by 2018 at the latest.