D&O policies outside scope of FOS rules judge
A high court judge has delivered a boost to insurers by ruling that the Financial Ombudsman Services’ jurisdiction should not be extended to complaints from D&O insureds.
The case concerned Wayne Lochner who owned a betting company and was sued by Aberdeen Asset Management, who had made an investment of £500,000 after went into administration in 2008.
Lochner tried to
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