Norwich Union have taken an £80 million hit from the clampdown on unfair Payment Protection Insurance (PPI).
Previously they were taking £80 million from their customers for insurance cover that may have mis-sold and might have been completely useless. It’s no wonder so many people are are making PPI claims when they see just how much they’ve been taken for a ride.
Norwich Union doesn’t provide PPI but backs policies sold by other loan and credit card companies in the PPI industry. Overall...
