FCA and seven insurers file 'precautionary' applications for Supreme Court BI test case appeal

Supreme Court

The Financial Conduct Authority and seven out of the eight insurers involved in the regulator’s business interruption test case have filed applications to ‘leapfrog’ an appeal of the High Court judgment handed down earlier this month to the Supreme Court.

The FCA said that the applications had been filed on a precautionary basis, preparing for the event that outstanding issues of dispute between the regulator and insurers cannot be resolved without the

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