All Payouts articles
Stranded planes, battered ships, bombed-out buildings and unrecoverable debts created by Russia’s invasion of Ukraine have left the global insurance industry braced for soaring payouts and protracted legal disputes. The war in Ukraine could cost insurers billions of dollars in claims, with the aviation insurance sector alone facing potentially the ...
Since the Supreme Court’s January decision in the FCA’s test case around Covid-19-related business interruption (BI) claims, a total of £756,846,662 has been paid out by insurers for either interim or final BI claims payments across 20,347 claims, according to updated data published by the FCA yesterday (14 June 2021). ...
The regulator calculated that 10,207 BI policyholders out of the 21,140 who have had claims accepted have received at least an interim payment