uk iconUK

 

 

 

UK businesses not covered for pandemic, insurers tell Supreme Court

Major insurance companies told the UK Supreme Court on Monday that thousands of small companies battered by the coronavirus pandemic were not eligible for business interruption payouts and to suggest differently was “reverse engineering”.

UK businesses not covered for pandemic, insurers tell Supreme Court
smsfadviser logo

On the first day of a four-day appeal of a test case brought by Britain’s Financial Conduct Authority (FCA) against insurers, industry lawyers told top judges that businesses could not claim for losses stemming from nationwide lockdowns to curb the virus.

Read more at Reuters

Subscribe to Financial Accountant

Receive the latest news, opinion and features directly to your inbox