FCA and insurers file precautionary ‘leapfrog’ BI appeals but ‘positive’ discussions continue

FCA head office, London. Credit: Wikimedia Commons

The FCA and seven insurers have filed precautionary ‘leapfrog’ applications to appeal to the UK’s Supreme Court on the recent business interruption (BI) test case ruling, but the regulator said an agreement on claims could be struck by close of play tomorrow as “positive” discussions continue. A High Court ruling two weeks ago on Covid-19 BI claims generally found in…

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