Motley Fool: How Safe Is Your Insurance?

Earlier this week the city watchdog, the Financial Services Authority, banned a Brighton-based firm from operating as an insurance broker after discovering that it had failed to pass on client premiums to insurers.

ICM was a small firm that carried out credit checks on potential tenants for landlords and letting agencies. Part of their service included offering home and contents insurance as well as policies that protected landlords against non-payment of rent and the cost of evicting tenants….

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