Insurer QC accuses FCA of "hair splitting wordsmithery” as Supreme Court showdown continues
Insurers and the regulator set out their starkly differing views on the use of trends clauses on day two of the ongoing business interruption test case hearing at the Supreme Court.
David Turner QC, representing RSA, opened the day by wrapping up his submission regarding its Cottagesure policy – RSA1 – which he had started the previous day before turning to RSA3 – also known as Eaton Gate Commercial Combined.
The provider had opted against appealing the High Court’s ruling on two other policies including the Marsh/Jelf Resilience wording.
Turner maintained a focus on radius, which had been prominent across the first day’s proceedings when QBE, Argenta and MS Amlin had
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