FCA names eight insurers to take part in BI test case

FCA

Eight insurers will participate in a High Court test case being prepared by the Financial Conduct Authority to rule on whether the wordings of business interruption policies provide cover to businesses hit by the coronavirus pandemic.

Many policyholders have had claims for losses incurred due to the lockdown rejected by their insurers, leading to the formation of multiple action groups threatening legal challenges of their own.

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