Cigna Sued For £37M Over Next Store Card PPI Complaints

Law360, London (February 4, 2021, 7:54 PM GMT) -- Cigna Insurance has been sued by insurer PA (GI) Ltd. in an attempt to recover £36.7 million ($50.1 million) it has spent dealing with missold payment protection insurance claims from customers with store cards from retailer Next PLC, claiming the insurer agreed to cover the losses when it acquired the portfolio.

PA  said in a newly public Jan. 14 High Court filing that it is looking to claw back the £18.4 million that it paid out in redress to Next customers, as well as £18.3 million in complaint handling fees. PA underwrote the controversial insurance, known as PPI, which was sold...

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