LONDON, Jan 22 (Reuters) - Insurers will face enforcement action and be "named and shamed" if they don't pay up as soon as possible on business insurance claims following a landmark court ruling, Britain's Financial Conduct Authority said on Friday.
The Supreme Court earlier this month ruled that many business insurance policies should cover losses caused by coronavirus lockdowns, and the FCA said insurers should now make pay up as soon as possible.
"Where we see that insurers are not meeting the expectations set out here, we will use the full range of our regulatory tools and powers to ensure they do so," the FCA said in a letter to CEOs of insurers published on Friday.
News: QBE Pay business insurance claims or face enforcement, UK watchdog says
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
$21.18 |
Change
-0.210(0.98%) |
Mkt cap ! $32.05B | |||
| Open | High | Low | Value | Volume |
| $21.50 | $21.50 | $21.06 | $66.79M | 3.146M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 431 | $21.18 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.19 | 2681 | 28 |
View Market Depth
| Last trade - 14.28pm 11/08/2025 (20 minute delay) ? |
| QBE (ASX) Chart |