Findel has increased the amount of money it set aside to pay back customers who were sold insurance with little or no value by its subsidiary Express Gifts' Ace . The insurance products, known as "Property Insurance" and " Property Insurance ", covered against accidental damage and theft for all items purchased from Express Gifts or Studio brands. Findel has increased the amount it has set aside to pay back customers who were sold insurance that offered little or no value by a further £11.3m to £29m. Findel initially allocated $14.1m ( £11.3m ) for the repayments, but has raised this figure to £29m.
Findel has increased the amount of money it set aside to pay back customers who were sold insurance with little or no value by its subsidiary Express Gifts' Ace . The insurance products, known as "Property Insurance" and " Property Insurance ", covered against accidental damage and theft for all items purchased from Express Gifts or Studio brands. Findel initially allocated $14.1m ( £11.3m ) for the repayments, but has raised this figure to £29m.