Supreme Court rejects insurers' appeals in BI test case judgment
The court also concluded that the Orient Express case, which insurers relied on during the hearing, was wrongly decided and should be overruled.
The Supreme Court has ruled largely on the side of the Financial Conduct Authority (FCA) and policyholders, according to the judgment in the business interruption test case appeal published today (15 January).
The dispute between policyholders and insurers over the non-payment of Coronavirus BI claims was heard in the Supreme Court in November 2020, after the original High Court judgment found in favour of policyholders with regard to the majority of points made in the case, but the results
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