Ecclesiastical does not expect to pay out on BI policies following High Court ruling

magnify-money

Insurer Ecclesiastical has confirmed its business interruption policies are not expected to pay out following a judgment in the Financial Conduct Authority’s High Court test case.

The insurer appeared as a defendant, alongside Arch, Argenta, Hiscox, MS Amlin, QBE, RSA and Zurich in the eight day test case in July. Up to 60 insurers are expected to be affected by the outcome of

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