FCA proposes insurer fee to recoup £7.5m of BI test case legal costs
The Financial Conduct Authority is looking to recover £7.5m of external legal costs through a business interruption insurance special fee levied on insurers.
The special fee, set at around £7.5m subject to consultation outcome, would apply to 295 insurers and 50 managing general agents.
The BI test case, which concluded in January when the Supreme Court
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