FCA
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Hiscox leads with the largest number of accepted claims and interim payments, while MS Amlin lags on payment of data-supported claims.
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Insurers must put in place the majority of measures by 1 January 2022.
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The penalty comes after a Section 166 review into the Lloyd’s broker’s activities.
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The regulator extends its deadline from September after industry lobbying.
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Hiscox entities have accepted 253 claims so far, compared with 3,210 for Covea, the regulator says.
