FCA's Business Insurance Test Case Set For July Trial

Law360, London (June 16, 2020, 2:57 PM BST) -- A judge gave the green light on Tuesday for the Financial Conduct Authority's test case against eight insurers to go to trial next month, promising a rapid decision on whether the industry is liable for business interruption cover during the COVID-19 pandemic.

The FCA has brought the case against eight insurers that have refused to pay out on claims for interrupted business as a result of the coronavirus lockdown. (AP) Judge Christopher Butcher said the eight-day trial can be expedited and will begin July 20. He agreed that there is "a real and pressing urgency" to resolve the suit against insurers including...

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