Brokers under threat in Covid-19 BI dispute
Experts have warned that business interruption could be “the next PPI for brokers “as FCA seeks legal clarity on BI wordings.
The rapidly moving dispute between SME businesses and insurers moved further today (1 May) following the Financial Conduct Authority’s (FCA) announcement that it is seeking legal advice over business interruption wordings.
Experts have warned brokers could find themselves in the firing line where there is a gap between what customers understand their policy covers and what it actually is valid for.
The regulator issued a trio of announcements today, the first on BI and one looking at the value
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