RSA walks back on Marsh criticism in FCA's BI test case


Stating that the insurers’ defences are “in general terms, rejected”, the regulator stressed the fact that the policies in question were bought by “generally unsophisticated purchasers of insurance”.

Insurers have defended their position that their policies do not respond to losses suffered by businesses as a result of Covid-19 by saying coverage was never intended to extend to a pandemic.

Some of the participating insurers have also highlighted the role of brokers, pointing out their

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