Hundreds of SMEs take insurance complaints to financial ombudsman

complaints

More than 850 small business complaints around insurance were received by the Financial Ombudsman Service, with 219 of those about commercial property insurance, according to its 2015/16 review.

Of those complaints, travel insurance was the most likely to be upheld, with 48% cases found to have treated the consumer unfairly or have made an unfair offer to the client.

Buildings insurance cases

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FCA stops potential ghost broker from trading

The Financial Conduct Authority has stopped Arthur Temlett, trading as Abacus Insurance Consultants, from carrying out any regulated activities, including acting as an insurance broker.

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