UK insurers pay over $650 million in COVID-19 BI claims

Data from the U.K.’s Financial Conduct Authority showed that local insurers have cleared £470 million ($652 million) worth of COVID-19 pandemic-related business interruption insurance claims, Pymnts reported. There are 8,177 claims with £279.82 million in agreed final settlements, and 2,030 unsettled claims totaling £192.08 million in interim payments, according to the data.

Source: Business Insurance