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Insurance company Alpha goes bust – leaving thousands with no cover – Coventry Live

Drivers in their thousands have been left without insurance cover after insurance firm Alpha announced it had gone bust.

The drivers insured with their UK brands, Cover My Cab and Protector, received a text message stating: “Your taxi insurance policy with Alpha Insurance is cancelled with immediate effect.”

The text meant thousands of taxi drivers were left without insurance as of May 9, Wales Online reported.

According to the Licensed Taxi Drivers Association (LTDA), the company insured 700 taxi drivers and 10,000 private hire vehicles in London alone.

General Secretary of the LTDA, Steve McNamara, said: “We have notified all of our members about this change, to ensure that no-one is unintentionally driving without insurance.

“We…

Read the full article at: https://www.coventrytelegraph.net/news/coventry-news/insurance-company-alpha-goes-bust-14647835

Category: BankruptcyBy Insolvency Advisory AccountantsMay 15, 2018

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Insurance company Alpha goes bust – leaving thousands with no cover – Coventry Live

Drivers in their thousands have been left without insurance cover after insurance firm Alpha announced it had gone bust.

The drivers insured with their UK brands, Cover My Cab and Protector, received a text message stating: “Your taxi insurance policy with Alpha Insurance is cancelled with immediate effect.”

The text meant thousands of taxi drivers were left without insurance as of May 9, Wales Online reported.

According to the Licensed Taxi Drivers Association (LTDA), the company insured 700 taxi drivers and 10,000 private hire vehicles in London alone.

General Secretary of the LTDA, Steve McNamara, said: “We have notified all of our members about this change, to ensure that no-one is unintentionally driving without insurance.

“We…

Read the full article at: https://www.coventrytelegraph.net/news/coventry-news/insurance-company-alpha-goes-bust-14647835?utm_source=google_news&utm_medium=referral&utm_campaign=google_news&utm_content=sitemap

Category: BankruptcyBy Insolvency Advisory AccountantsMay 14, 2018

Post navigation

PreviousPrevious post:UPDATE 1-Britain’s Mothercare to raise equity as part of restructuring plan – ReutersNextNext post:Liquidation recommended for CBL Corporation – Insurance Age

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Australia AGD Moves to Reform Bankruptcy Law – Regulation Asia
July 17, 2024
Case note | Director's personal liability for insolvent trading – Lander & Rogers
July 17, 2024
Law reform to lift stigma from bankruptcy, deliver fairer system – The Mandarin
July 17, 2024
How the new $20,000 personal bankruptcy threshold could affect SME directors – SmartCompany
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Australia AGD Moves to Reform Bankruptcy Law – Regulation Asia
July 17, 2024
Case note | Director's personal liability for insolvent trading – Lander & Rogers
July 17, 2024
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