Covid-19: FCA seeks broker feedback ahead of BI court action
Regulator issues call for more information as it puts together its High Court test case with the aim to resolve uncertainty for businesses making claims.
The Financial Conduct Authority (FCA) has urged brokers and policyholders who are aware of any unresolved disputes with insurers over the terms of business interruption (BI) policies to step forward.
This follows the news from earlier this month that the regulator is seeking legal clarity on BI insurance with the aim to resolve doubt for businesses who are facing uncertainty on their claims.
The watchdog stated that it is now inviting policyholders and brokers to put forward their arguments
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