FCA data shows Covid BI claims payments now total £875.5m
Updated figures reveal providers have made initial payments for unsettled claims worth £308.9m and final settlements worth £566.6m since the Supreme Court verdict in the FCA test case.
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
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