Insurers failed to raise issues with government's restriction triggers, says FCA
On 17 March 2020, insurers including Hiscox, RSA and Zurich – who are defendants in the FCA’s BI test case – and the Association of British Insurers, Lloyd’s, the FCA, the Prudential Regulation Authority and the UK Economic Secreteary to the Treasury met to discuss business interruption insurance, the FCA detailed in it skeleton argument.
The FCA said that subsequent statements by UK government members included: “Let me confirm that, for those businesses which do have a policy that covers
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact [email protected].
You are currently unable to print this content. Please contact [email protected] to find out more.
You are currently unable to copy this content. Please contact [email protected] to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
More on Insurer
Podcast
The Insurance Age Podcast: 3 April 2020
Insurance Age commissioning editor, Laurence Eastham, and news editor, Ida Axling, discuss the top stories of the week.
Subscribe to our daily newsletter for all the latest news
Most read
- RSA threatens 300 redundancies
- Grumpy Old Insurance Execs: Bunker, Cooter, Hanks and Smith on trading through a hard market
- Allianz hits almost £2bn in premium
- Blanc to focus on UK, Ireland and Canada to intensify Aviva growth
- Co-op hits out at Unite over Markerstudy deal claims
- Aviva UK numbers a product of Covid-19
- Hastings bought by Finnish/South African consortium