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Insurers are trying to escape COVID-19 liability, watchdog tells UK Supreme Court

Insurers are trying to escape liability for pandemic-related business losses with counter-intuitive arguments that go against the essential purpose of insurance, Britain’s markets watchdog told the UK Supreme Court on Tuesday.

Insurers are trying to escape COVID-19 liability, watchdog tells UK Supreme Court
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  • Shared by Reuters
  • November 19, 2020
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A lawyer for the Financial Conduct Authority (FCA), which brought a test case against insurers on behalf of policyholders, said insurers had reached an “extraordinary conclusion” that business losses were largely uncovered during the coronavirus pandemic because of the widespread havoc it has caused.

Read more at Reuters

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