Final FCA monthly Covid BI claims update puts payout at £1.35bn
Insurers have made £1.05bn in final payments and £303.1m in interim payments.
The Financial Conduct Authority’s final monthly update on insurer payments to settle business interruption claims has revealed a total bill of £1.35bn.
This is up by £34.7m on the previous month’s figures.
The increase has taken final payments to £1.05bn with interim payments totalling £303.1m.
The regulator has been publishing the monthly updates for over a year since shortly after the Supreme Court rejected insurers’ appeals in the BI test case but has now called the process to a halt.
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