FCA expands number of wordings under scope of BI test case
The regulator's updated preliminary list shows that the scope of the legal proceedings has been extended to cover a total of 91 policy types.
The Financial Conduct Authority (FCA) has expanded the number of business interruption policy wordings it is looking at as part of its test case to 19.
The regulator had previously said that it was looking at 17 BI wordings that it could place before a court to decide the validity of BI claims arising from Covid-19.
In an update on 10 June, the regulator provided a new list of wordings and policies affected by the court case, which now includes a total of 91 policy types.
Hiscox remains the
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