Value of fully settled UK Covid-19 BI claims closing in on £1bn: FCA
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Value of fully settled UK Covid-19 BI claims closing in on £1bn: FCA

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Close to £1bn ($1.4bn) of UK Covid-19 BI claims have now been settled in full by insurers, according to the latest monthly data from the Financial Conduct Authority (FCA).

Final settlements worth £968mn in aggregate have now been paid out in respect of accepted BI claims.

As of 5 January, a further £329mn of interim payments had been made in respect of unsettled claims, according to data reported to...

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