Policyholder limbo as EU insurance roadblock continues

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Policyholder limbo as EU insurance roadblock continues

Attempts to allow UK-based insurers that wish to continue to payout claims on existing policies no matter where the policyholder happens to be located, have hit a roadblock with some EU member states refusing to change current rules, therefore leaving many expat policyholders in limbo. There have been attempts by Germany and Italy to introduce a mechanism to make sure if an insurance business becomes unauthorised as a result of Brexit, then the policy held by a UK expat living in those cou...

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