News

BI insurance claims payouts nearing £1bn but ‘it should have been more’

By 2021-08-23T12:10:00

money gavel

According to the FCA, 15,400 policyholders with BI claims approved are still waiting for business interruption payouts

Insurers have paid out over £968m in Covid-19-related business interruption (BI) claims since the conclusion of the Supreme Court test case in January, according to FCA figures published this month.

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