Covid BI claims payments reach £1.2bn
FCA data reveals providers have now made initial payments worth £308.4m and final settlements of £916.7m.
Insurers have paid out a total of £1.2bn in Covid-19 related business interruption claims, according to the latest set of figures from the Financial Conduct Authority (FCA).
The data showed that providers had made initial payments worth £308.4m and final settlements of £916.7m as of 6 December 2021.
The regulator said in September that BI claims payments had surpassed £1bn.
Additionally, 31,325 (November: 30,032) of BI policyholders who have had claims accepted have received at least an
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