Covid BI claims payments near £1bn
FCA figures show interim payments of £331.2m and final settlements of £636.7m have been made since the Supreme Court verdict, with the number of policyholders waiting to hear whether their claim is valid going down to 6,073.
Insurers have paid out over £968m 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 regulator revealed that providers had made initial payments for unsettled claims worth £331.2m and final settlements of £636.7m as of 5 August 2021.
Last month, FCA data showed that insurers had paid out a total of over £875.5m as of 5 July 2021, including £308.9m in interim payments and £566
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