Hospitality in a ‘race against time’ as the FCA prepares to file BI insurance high court action


03-06-2020

Taylor Wessing joins forces with UKHospitality ahead of court action to support the hospitality sector.

 

The Financial Conduct Authority is moving quickly to file its action in the High Court to seek clarification on the interpretation of business interruption policy wording. The FCA released an update yesterday which identified the representative sample of policy wordings to be examined in the test case, as well as the insurers who have agreed to be involved in the action.

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