Thomson ReutersFebruary 14, 2013 08:34
* Daniels says about half of PPI complaints are false
* Daniels says most customers buying PPI got good value
* Ombudsman data shows Lloyds loses 98 pct of cases
* Lloyds has set aside 5.3 bln stg for compensation
By Matt Scuffham
LONDON, Feb 14 (Reuters) - The former head of Britain's biggest retail bank said the majority of insurance policies taken out on loans and mortgages were not mis-sold, blaming false claims for the rising bill for banks paying compensation.