Action Groups get go-ahead to intervene in FCA BI test case
Groups formed against Hiscox and QBE will “closely liaise” with the FCA but are not permitted to increase the scope of the test case.
Two consumer action groups have been permitted to intervene in the business interruption test case between the Financial Conduct Authority (FCA) and eight insurers.
The Hiscox Action Group (HAG) announced earlier this week that it would attempt to join the test case, claiming that Hiscox had failed to agree to an expedited arbitration process.
A pressure group comprising of QBE policyholders had also applied to intervene. The group fighting QBE’s wordings also have Aviva wordings in their
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