Insurers could face higher BI claims payouts as businesses look to Enterprise Act
Some business interruption policyholders are looking to claim damages under the Enterprise Act (2006) for late payouts, following the Supreme Court's verdict in the regulator's test case.
Lawyers have previously cautioned that insurers that do not pay claims swiftly and chose to appeal the judgment in the Financial Conduct Authority’s business insurance test case could end up paying
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