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Breaking: Insurance brand Alpha goes bust – leaving thousands of drivers without cover – Mirror.co.uk

Thousand of drivers were informed by text that they had no insurance after the company that covered them went bust.

Alpha – which ran UK brands Cover My Cab and Protector – was declared insolvent in Denmark, meaning people’s cover ended on May 8.

The company insured 700 taxi drivers and 10,000 private hire vehicles in London alone, the Licensed Taxi Drivers Association said.

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 will be supporting any of our members that may have been affected.”

The Danish firm also had motor fleet policies in Britain through Cardiff-based managing general agent Lima.

People ha…

Read the full article at: https://www.mirror.co.uk/money/breaking-insurance-brand-alpha-goes-12507411

Category: BankruptcyBy Insolvency Advisory AccountantsMay 9, 2018

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Breaking: Insurance brand Alpha goes bust – leaving thousands of drivers without cover – Mirror.co.uk

Thousand of drivers were informed by text that they had no insurance after the company that covered them went bust.

Alpha – which ran UK brands Cover My Cab and Protector – was declared insolvent in Denmark, meaning people’s cover ended on May 8.

The company insured 700 taxi drivers and 10,000 private hire vehicles in London alone, the Licensed Taxi Drivers Association said.

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 will be supporting any of our members that may have been affected.”

The Danish firm also had motor fleet policies in Britain through Cardiff-based managing general agent Lima.

People ha…

Read the full article at: https://www.mirror.co.uk/money/breaking-insurance-brand-alpha-goes-12507411?utm_source=google_news&utm_medium=referral&utm_campaign=google_news&utm_content=sitemap

Category: BankruptcyBy Insolvency Advisory AccountantsMay 9, 2018

Post navigation

PreviousPrevious post:What you need to know in advertising today – Business Insider AustraliaNextNext post:Insurance’s ‘Great Restructuring’ Seeds 2018’s Biggest US IPO – Bloomberg

Related Posts

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
July 17, 2024
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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