CRL has deadline to replace Alpha policies extended
FSCS says the broker is "making progress" in finding replacement cover after unrated Danish insurer Alpha collapsed last year.
The Financial Services Compensation Scheme (FSCS) has extended broker CRL Management’s deadline to find replacement cover for Alpha policies.
Unrated Danish provider, Alpha went bankrupt in May last year, prompting a crisis in the UK taxi market.
The organisation stated that CRL has now been given a further two weeks to find an alternative insurer to provide replacement cover for Alpha latent defect and structural damage insurance policyholders whose policies terminated last August.
Progress
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