executive director of saen michael budkie made these reports public in a letter addressed to chancellor carol christ on wednesday.
he said: "our research shows that people, on average, believe that only 34 per cent of protection claims are paid out by insurance companies..
the report called this �one of the most significant perils to humans resulting from human activity.�.
the latest figures mean that since january 2000, scottish widows has paid a total of £2.5bn in claims to more than 86,000 customers..
now the country may face a fine of millions of euros after its dereliction was referred to the european court of justice (ecj), the guardian reports..