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Up to 2m loan protection policies won't cover consumers, watchdog
A THIRD of people who have taken out loan payment protection insurance in the last five years may never be able to make a claim, according to research.
As many as two million of the controversial policies have been sold to consumers who may not be eligible for cover, Which? magazine said.
The often-overpriced insurance is supposed to cover repayments on credit cards and loans if the holder loses their job or is unable to work due to an accident or illness.
. moreEconomy forces racetracks to work harder
Dzurilla said sales in November and December were higher than ever, but when the Christmas credit card bills came due in January and February, they sold just one ticket. The bulk of sales come in the final three weeks before the race. So far, those sales are down seven percent from a year ago.
"It's a tough economy right now," Dzurilla admits.
MMP isn't the only racing venue struggling with the economy.
In a brief conversation with TrueSports President Michelle Trueman Gajoch last month, she expressed concerns about business this summer. With her three biggest events on consecutive weekends, she wonders if fans will be choosier about which races they attend.
This isn't a phenomenon exclusive to north central Ohio. It's a concern for race promoters across the country. more
Carphone Warehouse co-founder nominated to represent Mayor on 2012
He is one of Britain's leading entrepreneurs and brings years of business experience to the role. Having co-founded one of our most well known household names and turned it into a huge success, his skills will be vital in helping to deliver the legacy on which the success of the London Games will be judged.
"It is also great news that Neale Coleman has agreed to continue to advise on the 2012 Games as it means we retain access to a wealth of experience and a range of skills that will be invaluable to me and my team in the coming years. Neale helped steer London's bid through to success in Singapore and has been instrumental in guiding progress to date to the point where we are three months ahead of our original schedule in beginning construction on the Olympic Park."
Sebastian Coe, London 2012 Organising Committee Chair said: "David Ross is one of the UK's most successful businessmen, and will be a very valuable addition to the LOCOG board. more
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