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FCA versus insurers as test case showdown begins

High Court London

It was today confirmed up to 370,000 policyholders may be affected by the Financial Conduct Authority's High Court case, which aims to decide on the validity of business interruption cover during the coronavirus outbreak.

The FCA has argued that measures implemented by the UK government as it responded to coronavirus amounted to nationwide action in its submission to the court as the business interruption trial

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