The Supreme Court BI test case judgment in summary
The Supreme Court has substantially found in favour of the Financial Conduct Authority in the final stage of the Covid-19 business interruption test case. Post highlights key points given among the reasons behind the ruling.
The regulator had brought the case on behalf of policyholders. The outcome is expected to affect up to 370,000 businesses spread across 60 insurers with 700 different BI wordings in the market.
The
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