FCA takes Covid test case on business interruption cover

By Neasa MacErlean

Insurers, insurance intermediaries and business clients are waiting to see the results of an expedited test case that the FCA is bringing to get clarification on the extent to which business interruption policies should pay out on coronavirus claims. The regulator points to “continuing and widespread concern” about both the rejection of many claims and “the basis on which some insurers are making decisions”.