Covid-19 BI claims payouts near £600mn following ruling: FCA
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Covid-19 BI claims payouts near £600mn following ruling: FCA

Samuel Casey
14 April 2021
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Insurers have paid out just under £600mn ($828mn) in final and interim payments for Covid-19 BI coverage subject to the ruling in the Financial Conduct Authority’s (FCA) test case on the issue.

The regulator said that initial payments of almost £248mn had been made in 2,898 unsettled cases, and £352mn had been paid in final settlements in a further 10,722 cases.

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Samuel Casey
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