Findel insurance payback costs increase to £29m
Findel has increased the amount it has set aside to pay back customers who were sold insurance that offered little or no value by a further £11.3m to £29m.
The insurance products sold by Express Gifts, a direct mail order and online subsidiary of Hyde-based Findel, covered against accidental damage and theft for all products purchased from its Ace or Studio brands.
The insurance was called “Property Insurance” from January 2005 to August 2008 and “Purchase Protection Insurance” from September 2008 to May 2015, with pre... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...