Hiscox has highest number of policies highlighted by FCA test case
Seventeen wordings will be assessed as part of the test and the FCA list shows 34 Hiscox policies affected so far, as regulator says list is a "representative sample" which is "not comprehensive".
The Financial Conduct Authority has revealed that 34 Hiscox policy types use some of the 17 business interruption wordings that it could place before a court to decide the validity of business interruption claims arising from coronavirus.
The insurer with the next highest number of policy wordings affected is Ecclesiastical with ten. The watchdog clarified that the list in its current form is not comprehensive and it expects other providers to be affected by the outcome of the case which is set
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