IronHealth, the specialty healthcare unit of Ironshore Inc., has introduced a program to protect healthcare providers from the financial risks associated with bundled payment contracts. The Centers for Medicare and Medicaid Services (CMS), as well as commercial payors and self-funded …
National Australia Bank Ltd., the nation’s largest lender by assets, will set aside more than £245 million ($410 million) in its full-year result for compensation related to U.K. insurance and hedging products. The Melbourne-based lender’s shares fell 0.9 percent to …
The U.K.’s markets regulator is investigating allegations that banks are dismissing claims for payment protection insurance compensation. The Financial Conduct Authority has at least two separate probes in progress, Martin Wheatley, the chief executive officer of the agency, told lawmakers …
The boss of Britain’s biggest retail bank struck a chord with the public when he complained of getting unsolicited calls from claims management firms promising him compensation from his own and other banks. But while people share his irritation with …
Barclays PLC has set aside another 700 million pounds ($1.1 billion) to compensate customers who bought payment protection insurance which they didn’t need. The bank’s announcement raised its total provision for mis-selling insurance to 2 billion pounds, which it said …
U.K. high street lender Lloyds Banking Group on Friday posted a 2.8 billion pound ($4.4 billion) loss for 2011 after it set aside 3.2 billion pounds ($5 billion) to compensate customers who had been miss-sold payment protection insurance (PPI). The …
