Insurers and FCA butt heads on pandemic spread analysis in BI case
Insurers’ counsel have decried the Financial Conduct Authority’s intention to use the “controversial” Cambridge analysis of Covid-19 spread in its business interruption test case, as representatives warned another trial might be needed to iron out discrepancies.
The High Court test case names eight insurers as defendants, with the FCA acting on behalf of policyholders who believe insurers should be paying out on business interruption policies in the claimant
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