Written Question·Treasury·UIN 61023
Insurance: Standards
Tabled: 18 June 2025
Answered: 24 June 2025
Question
Helen Morgan
Liberal Democrat — North Shropshire
To ask the Chancellor of the Exchequer, what steps she is taking to ensure insurers (a) settle claims and (b) proceed litigation as (i) quickly and (ii) cheaply as possible.
Answer
Emma ReynoldsThe Financial Conduct Authority (FCA) is the independent body responsible for regulating and supervising the financial services industry, and sets the conduct standards required of insurance firms. Under FCA rules, insurers must handle claims fairly and p...
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