FCA puts post-ruling Covid BI claims payout tally at £472mn
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FCA puts post-ruling Covid BI claims payout tally at £472mn

Rachel Dalton
23 March 2021
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Coronavirus - Thu Apr 9, 2020
Photo: Matt Crossick/Empics Entertainment

Insurers have made £471.8mn ($654mn) in final and interim payments for BI claims on UK policies affected by the Supreme Court ruling, according to Financial Conduct Authority (FCA) data.

The regulator published data today on the number of claims received, full settlements and initial payments. It plans to gather information from carriers on their claims progress regularly.

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Rachel Dalton
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