FCA reveals insurer claims payouts following BI test case verdict

Money

Insurers have paid a total of £472m in interim and final Covid-19 related business interruption (BI) claims following the test case, according to data published by the Financial Conduct Authority (FCA).

The regulator detailed that this includes £192.1m in interim payments made for unsettled claims as well as £279.8m in payments made for claims where final settlements have been agreed and concluded.

It added that the figures are based on information submitted to the FCA by insurers and reflect

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 [email protected].

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: