FCA BI test case ‘clear and present danger’ to brokers
Experts warn that brokers could find themselves under fire as insurers lean in intermediaries in defences.
The Financial Conduct Authority (FCA) business interruption test case which is currently ongoing could see brokers at risk after they were dragged into the fray when some insurers filed their defences.
Branko Bjelobaba, founder of compliance firm Branko, commented: “Will this case present a clear and present danger to brokers?
“Well yes, if they have failed to misunderstand the client’s requirements (the need for wider cover assuming this was available) or have failed to provide adequate
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