Top 10 of 642 law firms for Insurance Insolvency, Insurance Law

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This work covers what happens when an insurance company becomes insolvent, including the protection of policyholders, the handling of claims against the failed insurer, and any restructuring or administration mechanisms that may apply. It involves advising on regulatory processes under the Financial Services and Markets Act, coordinating with the Prudential Regulation Authority and the Financial Conduct Authority, and liaising with the Financial Services Compensation Scheme. It also covers potential policy transfers, asset distribution, and the steps needed to recover or settle valid claims.

Why this work is usually handled by a solicitor

Policyholders rely on a regulated framework to protect their interests when an insurer fails. The solicitor explains the protections available under the FSMA regime, including the role of the FSCS, and what happens to outstanding claims. They coordinate with regulators, administrators or liquidators, and with claims handlers, to identify valid policy rights, oversee transfers or novations of policies where possible, and support clients through the process of proving a claim and recovering payments where feasible.

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We have found a review that matches your query

Sarah Wilkinson

Tagged solicitor Sarah Wilkinson

After being approached by an an insurance company for documentation and story of accounts, I needed someone to represent me and look through all the small print with my interests at heart. Truth Legal cut through the jargon, were in my corner, and looked after me and my case - taking away all the headache and concerns I might have had... I could leave them to it. And, we ended with a good result :) Thanks Sarah and the TL team

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