Supreme Court Favours Policyholders In COVID-19 Business Interruption Claims
By EsqSocial Corporation 01/02/21
On 15 January 2021, judgment was handed down in the leapfrog appeal heard by the Supreme Court in the test case brought by the Financial Conduct Authority in relation to the responsiveness of business interruption insurance in the context of loss caused by the COVID-19 pandemic... The appeals made by insurers were rejected on all grounds. The appeals by the FCA and the Hiscox Action Group, who had brought limited appeals after being largely successful in the High Court, were substantially...
By: Goodwin