Insurers have paid out a total of £875.5m in Covid-19 related business interruption claims since the conclusion of the test case, according to the latest data from the Financial Conduct Authority (FCA).
The watchdog detailed that providers had made initial payments for unsettled claims worth £308.9m and final settlements worth £566.6m as of 5 July 2021.
It noted that this means that 23,933 (5 June: 20,347) BI policyholders out of the 40,531 (5 June: 37,702) who have had claims accepted, had
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 print this content. Please contact [email protected] to find out more.
You are currently unable to copy this content. Please contact [email protected] 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 [email protected]
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 [email protected]