Covid BI claims payments now at £1.3bn
FCA data shows providers have now made initial payments worth £329.4m and final settlements of £967.9m.
The total amount paid out by insurers in Covid-19 related business interruption claims has reached £1.3bn, according to the Financial Conduct Authority.
The latest set of figures revealed that providers had made initial payments worth £329.4m and final settlements of £967.9m as of 7 January 2022.
In addition, 32,385 (December: 31,325) of BI policyholders who have had claims accepted have received at least an interim payment. In total, 42,842 (December: 42,724) have had their claims accepted.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk.
You are currently unable to print this content. Please contact info@insuranceage.co.uk to find out more.
You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@insuranceage.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@insuranceage.co.uk
Most read
- Broker’s emails defeat negligence claim
- Three MGAs put motor business on pause as capacity crunch continues to bite
- Academy strikes deal to buy Premierline from Allianz