BI Test Case: Hiscox argues business hardship likely even without lockdown
Hiscox aims to compare Covid-19 economic hit to Sweden and ‘draconian’ UK in Financial Conduct Authority BI test case.
Hiscox could look to an analysis of the Covid-19 economic impact on Sweden versus the UK, which its counsel said has faced “draconian” lockdown measures, as a defence in the Financial Conduct Authority’s business interruption test case.
A claims management conference on the test case took place online today. In virtual attendance were representatives from eight insurers, FCA counsel Colin Edelman and Judge Butcher.
Sweden
Jonathan Gaisman QC, representing Hiscox, revealed the insurer will look
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