Scandal is that there is nothing to stop this nightmare happening again
SOME 75,000 drivers have found themselves in a scramble to get insurance cover after Setanta Insurance decided to shut up shop here.
It had been slowly running down its business here since the start of the year, due to a lack of funds to pay out motor claims. Now its shareholders have decided, after a meeting in Malta, that the shortage of funds is so acute that it is closing immediately and appointing a liquidator to wind up the business.
The pity of this is that all those with insurance will end up paying for this debacle, and there is nothing to stop the same happening again.