Payments for settled UK Covid-19 BI claims passes £1bn mark
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Payments for settled UK Covid-19 BI claims passes £1bn mark

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More than £1bn ($1.35bn) 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 £1,007mn in aggregate have now been paid out in respect of accepted BI claims. As of 5 February, a further £308mn of interim payments had been made in respect of unsettled claims, according to data reported...

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