FCA tells insurers to settle BI claims as quickly as possible

The UK regulator has told insurers to settle Covid-19 business interruption (BI) claims clarified in last week’s High Court judgment “as quickly as possible”, and warned against “creating additional barriers or delays to paying valid claims”. In a ‘Dear CEO’ letter following the test case ruling, which found many BI policies and wordings covered businesses for losses in the pandemic…

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