The protection market is shrinking and becoming more concentrated in the hands of a few providers, according to figures from the FSA.
The Association of British Insurers (ABI) this week revealed that nine in every ten claims made under a critical illness (CI) policy in 2010 was paid by the insurer.
It is perhaps not a little ironic that on the eve of deadline day for three major banking groups to resolve their pre-judicial review payment protection insurance (PPI) complaints, another possible ‘protection' mis-selling scandal is uncovered.
A long-term plan to provide more US citizens with health insurance may fall short of hitting its targets as it is still too expensive for a lot of people, according to reports.
Critical illness (CI) and life insurance claims payments reached almost £2bn last year, according to figures published by the Association of British Insurers (ABI).
Payment Protection Insurance (PPI) complainants received a total of £215m in redress in the first half of 2011, the Financial Services Authority (FSA) has revealed.
Zurich paid 89% of critical illness (CI) claims received in the first six months of the year with payments amounting to £43.7m.
The insurance industry made a total contribution of £10.4bn to the Exchequer, a report from the Association of British Insurers (ABI) and PWC has revealed.
Scottish Provident paid 91% of critical illness (CI) claims during the first half of the year.
Living on state benefits would require significant lifestyle changes for those found too sick to work compared to being employed, a team of bloggers has found.