Business: Insurance
2026-07-13 · Treasury · 18630 · Official question
Question
To ask the Chancellor of the Exchequer, what discussions she has had with the Financial Conduct Authority on the regulatory consistency of allowing insurers to deduct Coronavirus Job Retention Scheme and Self-Employment Income Support Scheme payments from
Answer
The Government has not made an assessment of the total monetary value of insurance company deductions from business interruption insurance payouts.The Supreme Court published its final judgment in the FCA’s Business Interruption Insurance test case in 202...