Scot Wids pays out 500k a week on CI claims

The insurer says it paid out the equivalent of £532,000 in CI claims every week between November 2007 and October last year, a total of more than £28m. The number of claims declined due to non-disclosure in 2008 was 2%, down from 5% in the previous 12 months. "We're pleased to have increased the claims we've paid and to have significantly reduced the number of claims declined due to non-disclosure, Richard Jones, Scottish Widows' head of protection, says. Jones paid tribute to the ABI's code of conduct on non-disclosure, saying it helped increase the number of proportionate claims pai...