ABI members expect to pay £2bn of Covid-19 BI claims for 2020

Credit: iStock/Chansom Pantip

The Association of British Insurers (ABI) expects its members to pay £2.5bn of Covid-19 claims for losses in 2020, with business interruption (BI) costing £2bn. The updated loss figures were collected from its member insurers in mid-late January, which was shortly after the Financial Conduct Authority’s (FCA’s) non-damage BI test case ruled resoundingly in favour of insureds. The ABI said…

Please register or login to view the full post