Reply to post: Re: Insurance Companies

Cyber-insurance shock: Zurich refuses to foot NotPetya ransomware clean-up bill – and claims it's 'an act of war'

SMITCH79

Re: Insurance Companies

I did say "essentially". Maybe by proxy would have been more appropriate.

Financial Service companies have serious lobbying influence on government (and therefore the FCA) and this was really what I was getting at.

Currently the FCA is understaffed with people with inadequate training and experience for the type of claims they are rendering decisions on (Channel4). Why is that?

I like to think when they are unsure of whether to side with claimant or not and seek counsel from the higher ups the response will be "Who's your Daddy?" since, as you point out, they are funded by levy.

A "stretch", I don't think so.

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