Hiscox Biz Interruption Group Seeks Voice In FCA Test Case

Law360, London (June 24, 2020, 6:14 PM BST) -- Small company owners are seeking to intervene in a High Court test case brought by the Financial Conduct Authority over business interruption liability, since insurer Hiscox Ltd. has not yet agreed to an accelerated process for their £40 million ($44 million) arbitration claim.

The Hiscox action group, which comprises more than 400 business owners, said Wednesday it has "formally applied to intervene" in the FCA test case, which will determine if insurers should pay business interruption claims for a wide range of policy wordings.

The application will be decided by the court at a case management hearing Friday.

"It is not...

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