The Financial Conduct Authority has named the eight insurers who have agreed to take part in a test case to clarify business interruption insurance.

The Financial Services Compensation Scheme has warned that it will reject many claims relating to the failed £236m mini-bond firm London Capital & Finance (LCF).

Protection insurer LV= has made payments of more than £2.5m so far in Coronavirus-related income protection and death claims to nearly 300 individuals and families.

The Financial Services Compensation Scheme has declared 12 failed regulated firms in default during March and will now consider claims for compensation from clients.