ABI criticises European Commission's plans for no-deal Brexit
The Association of British Insurers has criticised the European Commission for failing to make contingency plans that would allow UK insurers to fulfil contracts with European Union policyholders in the case of a no-deal Brexit.
As a result of leaving the EU, UK insurers will lose the ability to passport into other European jurisdictions, meaning they may not be able to pay out on claims.
The ABI picked out business
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