Losses and lawsuits
Loss Database
Zurich Financial Services (Allied Dunbar)
The UK’s Financial Services Authority (FSA) announced on March 19 that it had fined Allied Dunbar Assurance, a life insurance subsidiary of Zurich Financial Services, £725,000 ($1,327,620) for alleged mishandling of complaints involving mis-selling of mortgage endowments. The alleged mishandling of mis-selling complaints occurred between May 2001 and April 2003.
According to the FSA, Dunbar’s claims-handling was inadequate and as part of the terms of the
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