Tuesday 24 August 2010

FSA fines Zurich Insurance £2,275,000!

The FSA strikes again! It has fined the UK branch of Zurich Insurance £2,275,000 for failing to look after the personal details of 46,000 of its customers. Fair enough. I don't have a problem with that. Zurich had it coming.

Because Zurich settled at an early stage of the investigation it was given a 30 per cent discount. Wonderful! It deserves the discount for being so cooperative. Everything's roses.