On October 4, the OIC (formerly Orion) and L&O scheme administrators announced a 7% increase in the payment percentage for agreed claims. This increase brings the total payment percentage to 65%; further increases are anticipated in 2018 and 2019. The administrators had previously confirmed in February that less than 30% of the Qualifying ILU Policyholders had opted out, meaning that the scheme will continue to settle claims and make payments.
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