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FCA identifies insurers for business interruption court case

The Financial Conduct Authority (FCA) has identified eight insurance companies who will be asked to participate in a High Court test case over the failure of certain business interruption (BI) policies to pay out for losses incurred as a result of coronavirus restrictions.

FCA identifies insurers for business interruption court case
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failure of certain BI policies

At the beginning of May, the regulator said it was working on a project to get legal clarification on whether or not SMEs are able to bring claims under their policies.

Read more at Accountancy Daily.

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