Gable Insurance AG has gone into liquidation meaning all policies will be invalid from 16th December 2016. It is estimated there are 12,000 motor insurance policies that will be cancelled and consumers must take action to avoid breaking the law.
The Financial Conduct Authority has alerted CAS that customers of Gable Insurance AG must take action to arrange alternative cover. Failing to do so before the 16th December and continuing to drive will mean consumers are breaking the law and could face prosecution.
More detail on the closure of Gable Insurance AG can be found from the FCA online.