Home United Kingdom UK COVID-19 business insurance payouts top one billion pounds -watchdog

UK COVID-19 business insurance payouts top one billion pounds -watchdog

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UK COVID-19 business insurance payouts top one billion pounds -watchdog

Chef prepares meals sooner than a brand fresh menu tasting for personnel at Loxleys Restaurant & Wine Bar sooner than reopening on Monday 17th, as coronavirus illness (COVID-19) restrictions continue to ease, in Stratford Upon Avon, Britain, Would possibly per chance presumably well presumably also merely 14, 2021. REUTERS/Andrew Boyers

LONDON, Sept 15 (Reuters) – Minute companies in Britain, which demanded that their insurers duvet claims for losses collected at some level of the COVID-19 pandemic, have confidence received more than one billion pounds ($1.4 billion) in elephantine and intervening time business interruption payouts to this level.

Early Newspaper

Businesses ranging from restaurants to nightclubs and wedding planners to beauty parlours in January gained the upright to insurance payouts after Britain’s highest court dominated many policies ought to level-headed duvet losses precipitated by coronavirus lockdowns. read more

The Financial Habits Authority (FCA), which had brought a intently-watched take a look at case on behalf of policyholders against necessary insurers, mentioned on Wednesday that 27,248 companies out of 42,308, which had had claims licensed, had received at the very least an intervening time cost.

($1 = 0.7236 pounds)

Reporting by Kirstin Ridley and Carolyn Cohn; Editing by Emelia Sithole-Matarise

Our Standards: The Thomson Reuters Belief Tips.

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UK COVID-19 business insurance payouts top one billion pounds -watchdog – Reuters