Supreme Court issues BI declarations
The Financial Conduct Authority published the document on its website alongside a table to show relevant declarations by policy type.
The Supreme Court judges who decided whether or not insurers should pay out for business interruption claims arising from Covid-19 amid the first lockdown in March 2020.
Last year, insurers and policyholder embarked on a battle which went all the way to the Supreme Court over whether BI claims were valid, with the judges eventually finding in favour for the majority of policyholders.
The declarations, issued last week, vary the original High Court declarations, which were superseded by the
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