declined claims

The Investment and Life Assurance Group (ILAG) has warned that increased publishing of decisions made by the Financial Ombudsman Service (FOS) could be a boon for claims management companies (CMCs).

Aegon paid 94% of critical illness (CI) claims in the first half of the year, a 3% increase on its overall result for 2010 (91%).

Aviva paid 92.5% of critical illness (CI) claims during the first six months of the year.

The Association of British Insurers (ABI) this week revealed that nine in every ten claims made under a critical illness (CI) policy in 2010 was paid by the insurer.

Critical illness (CI) and life insurance claims payments reached almost £2bn last year, according to figures published by the Association of British Insurers (ABI).

Scottish Provident paid 91% of critical illness (CI) claims during the first half of the year.

LV= paid 93% of its income protection (IP) and critical illness (CI) claims in the year to the end of June.

Universal Provident has become the first private medical insurance (PMI) provider to release details of its paid claims.

Legal & General has revealed it paid £31.3m in group income protection (GIP) claims last year with 60% of people returning to work in less than six months.

Legal & General has paid increased combined death and critical illness claims for the fifth year running.