Hiscox Action Group warns insurers may seek to ‘read down’ BI ruling
Insurers have responded to draft declarations regarding the Supreme Court’s January business interruption ruling, with the Hiscox Action Group flagging concerns that they may seek to “read down” the judgment.
The appeal ruling followed a High Court test case action that saw insurers, the Financial Conduct Authority and policyholder representative groups go head to head on whether policies should pay out
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