LONDON, Sept 24 (Reuters) - Lloyd's of London
Chief Executive John Neal said on Thursday he expected a British
test case about business interruption insurance to be appealed.
London judges ruled that some of the world's biggest
insurers were wrong to reject tens of thousands of claims from
small firms battered by the COVID-19 pandemic, Britain's
Financial Conduct Authority (FCA) said last week.
The FCA, which brought the case against eight insurers, said
the court had found in favour of policyholders' arguments on the
majority of key issues.
When asked on a conference panel if he expected an appeal,
Neal said "yes", adding that due to the complexity of disputes
over policy wordings "cases run for a period of time".
Neither insurers nor the FCA have said if they will appeal.
(Reporting by Carolyn Cohn, editing by Kirstin Ridley)