The Association of British Insurers (ABI) conducted a survey recently on public opinion of Insurance policies, in particular Payment Protection Insurance (PPI). The results, which you may think were pretty obvious given the recent raft of mis sold PPI compensation claims, showed trust in PPI is falling and job security worries are rising.

Nearly a third of those surveyed said they think the state of the economy will get worse in 2010 and a total of 31% said they were more concerned about their job than they were earlier in the year. Despite this, the research revealed that consumers are still reluctant to continue paying or take out a PPI policy that could help in a job loss situation. When asked why they no longer held a PPI policy, 30% said it was too expensive, 23% said it was no longer needed and 19% said the money was needed elsewhere.

Related posts:

1. PPI Claims Reach Record Highs
2. PPI Claims Top The FSA Complaints Chart
3. PPI Claims Rise In Line With Black Market Activity
4. PPI Compensation Re-assessment Delayed Till 2010
5. Banks Ask For More PPI Refund Claims