FCA test case could be death knell for brokers’ PI cover if insurers win

financial loss, coronavirus

Industry voices fear the fallout of the regulator’s test case on the broker PI market, predicting that it could become ‘a backstop for the entire business interruption industry’

Insurance Times explores how the Covid-19 pandemic and FCA test case could impact the broker professional indemnity market, potentially leading to claim and premium spikes, underinsurance and revenue losses.

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