Insurers lock horns with FCA in BI test case defences
Insurers have fought back against the FCA in the business interruption test case using a variety of defences including proximate cause, arguing that businesses were technically allowed to remain open, and saying that policies were not intended to pay out for pandemic cover.
A number of insurers also turned on brokers arguing that it was their job to advise their clients to purchase the right sort of policy.
In addition the providers also suggested that the contra proferentem rule will not be
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