FCA data reveals progress as insurers settle Covid-19 BI claims

Bag of money

Insurers have paid out nearly £600m in Covid-19 related business interruption claims since the conclusion of the test case, according to a fresh set of data from the Financial Conduct Authority (FCA).

The watchdog detailed that providers had made initial payments for unsettled claims worth £247.7m and final settlements of £352.1m as of 6 April 2021.

Earlier data showed that insurers had paid out a total of £472m as of 3 March 2021, including £192.1m in interim payments and £352.1m in final

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