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The Isle of Man Financial Services Authority has published its report to the Isle of Man Treasury Minister on the failure of Powerhouse Insurance Limited, following an independent review by Charles Flint QC.

Powerhouse Insurance Limited was an authorised insurer which insured cashback liabilities on extended warranties issued to customers of Scottish Power UK Plc in respect of electrical goods sold through Scottish Power’s UK based retail stores. Powerhouse Insurance Limited failed in 2003.

A summary of the report of Charles Flint QC can be found here.

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