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UK watchdog eyes July for business interruption insurance court date-policyholder

Thu, 07th May 2020 13:48

LONDON, May 7 (Reuters) - Britain's Financial Conduct
Authority is looking to get business interruption insurance
policies examined by a court as soon as July, Daniel Duckett, a
member of the Hiscox Action Group of policyholders, said on
Thursday.

The action group, which is seeking to sue Hiscox
over allegations that legitimate business interruption claims
have been rejected during the coronavirus pandemic, held a
discussion with the FCA this week, Duckett said.

The FCA said last week it was seeking clarity from the
courts about whether some business interruption policies should
provide cover as a result of the pandemic, after policyholders
complained their claims were denied.

The FCA did not have an immediate response to a request for
comment.

(Writing by Carolyn Cohn, editing by Kirstin Ridley)

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