CIIG gets the ball rolling
The Creditors of Independent Insurance will prepare a class action as early as August if an initial f...
The Creditors of Independent Insurance will prepare a class action as early as August if an initial feasibility study shows, as expected, there is a viable case to answer.CIIG met for the first time on 9 July, at which it was decided members interested in joining the action should contribute 2% of the value of their losses up to £500 000, over which the contribution will be 1%.
The cost of any action is expected to be between £1m and £2m, and the length of time it takes will depend on the
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