The regulator's particulars of claim for the test case stated that the defendants’ reasons for wordings are not relevant or admissible.
Watchdog surveys 13,000 firms as it seeks to understand the effect Covid-19 is having on the finances of regulated firms and guide its supervisory actions.
The legal firm is pursuing a £52m claim against Hiscox and planning its own test cases and representing dentists in dispute with QBE.
The regulator expects all insurers and brokers to have taken necessary action by 3 December this year.
Pressure groups take different paths over whether to suspend their own legal proceedings while regulator's case goes forward as it is revealed three broker wordings from Pound Gates, Marsh and Gallagher will be assessed.
Commission and transparency row rears its head just as brokers feel the pinch amid market hardening
Seventeen wordings will be assessed as part of the test and the FCA list shows 34 Hiscox policies affected so far, as regulator says list is a "representative sample" which is "not comprehensive".
The watchdog expects the test case, to determine the validity of business interruption coronavirus claims, to be heard in the second half of July.
IdRisk's Stephen Mooney responds to Mactavish's report on broker remuneration.
Compliance organisation RWA warned clients of a compliance survey email claiming to be from the regulator.
Trade body says brokers are acting in their customers' best interests and are following FCA rules on remuneration.
Report claims brokers receive up to 80% of their remuneration from insurers with Mactavish saying more businesses are “questioning the role their brokers play" as coronavirus crisis "brutally exposes" problems in the market.
Regulator issues call for more information as it puts together its High Court test case with the aim to resolve uncertainty for businesses making claims.
Move requires firms to consider payment deferrals, premium reductions and waiving cancellation fees.
Romero and NDML’s Simon Mabb says why he believes brokers must unite with the regulator to overcome the current Covid-19 business interruption dispute.
Executive director Graeme Trudgill urges sector to look at a long-term solution as he highlights that the industry does not have enough money to cover claims arising from the coronavirus crisis.
Insurance Cares: Report by Consumer Intelligence and Sicsic Advisory shows number of people in the vulnerable customer category has hit 13m.
Experts have warned that business interruption could be “the next PPI for brokers “as FCA seeks legal clarity on BI wordings.
Providers urged to consider how value of products has changed as customers alter behaviours during coronavirus with product refunds proposed.
The regulator issued a raft of measures today (1 May) for how financial services firms should behave while coronavirus grips the nation.
Regulator seeks court action to resolve uncertainty on business interruption cover and bring clarity on specific policy clauses.
The FCA has asked up to 300 firms to provide financial information on client money, staff furlough, debt and cash.
Watchdog says the two year project led to 6.2m visiting its dedicated PPI website.
Updated: A number of providers have introduced exclusions for Covid-19.