PPI fine opens the compensation floodgates
And serves the greedy crooks right. These things are foisted on people unknowingly.
Tiddy Ogg.
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Re: PPI fine opens the compensation floodgates
Feb 05, 2007
3 Replies
They are certainly sold by the inexperienced.
My 17 year old neice is expected to sell two of these a week to people buying kiddies clothes.
tim
My wife buys things mail order and suddenly found an additional payment for this included. Luckily she spotted it. Bastards.
Tiddy Ogg.
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"Tiddy Ogg" wrote
But how is it going to hurt them?...
Previously, for every 100 taken they paid out about 20 claims. Now, they'll still pay out those 20 claims and (from the figures in the article), *half* of the policyholders (might) also get their money back, so that's 70 "out" for every 100 "in". They're still making 30 for every 100 to cover their costs & profit!
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