Insurer payments for settled BI claims top £1bn
Providers have also made £307.9m in initial payments, according to the latest figures from the Financial Conduct Authority which is set to end its data releases next month.
The latest data from the Financial Conduct Authority has revealed that insurers’ final payments to settle Covid-19 business interruption claims has broken through the £1bn barrier to £1.007bn.
The updated figures showed that as of 7 February the total had grown from £968m in January.
This came as the number of claims agreed and paid in full rose by 1,149 month-on-month to 30,176.
With more customers getting final payments interim payments have dropped from 3,358 cases to 3,029. It has reduced
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