Insurer forced to pay thousands of pounds to small firms hit by Covid payout delays
by Daniel Boffey Chief reporter from World news | The Guardian on (#6HJBQ)
Compensation from QBE is said to be key step towards many more businesses getting payments
One of the world's largest insurance companies has been forced to pay thousands of pounds in interest to small businesses who suffered delayed payouts on Covid insurance claims.
The QBE Group's initial payout just before Christmas of over 386,000 to 86 companies raises the potential for a total outlay by insurers of up to 1.6bn in interest to customers, it is claimed.
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