Protection

Insurance adviser Towergate has bought payment protection insurance provider British Insurance for an undisclosed sum.

A total of 5% of people lie on insurance applications, according to research by Friends Provident.

The issue of mis-selling has again reared its ugly head after the FSA handed out its heaviest-ever fine for the sale of payment protection insurance (PPI).

Advisers can now recommend up to £1m worth of critical illness (CI) cover to clients through progress from Royal Liver after the firm enhanced its proposition.

The UK is one of the most anxious nations in the world, according to a new global risks survey.

Changes in the treatment of protection claims where medical information has not been fully revealed will not mean consumers can be more relaxed in their disclosure, AEGON warns.

Insurance companies have made a landmark agreement to pay more claims where customers have unintentionally not disclosed medical information, following guidance from the Association of British Insurers (ABI).

Friends Provident has relaxed evidence requirements on claims for life cover, life cover with critical illness and standalone critical illness cover as part of a raft of changes to its underwriting processes.

Now the credit crunch is here, everyone has hindsight and is lamenting, "How on earth could lenders be so risky in extending credit more and more to those who present a poor risk?"

Zurich has boosted its mortgage and family protection offering by updating its underwriting system.