FSCS further extends CRL's Alpha deadline
FSCS "hopeful" 30 April deadline could lead to a deal being agreed as CRL continues to look for replacement cover following unrated insurer Alpha's bankruptcy last year.
The Financial Services Compensation Scheme (FSCS) has further extended the deadline for broker CRL Management to find an alternative insurer to provide replacement cover for Alpha policies.
The broker now has until 30 April to find new cover for latent defect and structural damage insurance policyholders whose policies terminated last August.
Unrated Danish provider Alpha went bankrupt in May last year and at the end of March the regulator extended CRL’s deadline by two weeks.
The broker’s
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