Analysis

In Focus: Broker litigation ‘inevitable’ one year on from FCA’s BI test case

By 2021-06-17T12:13:00

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Brokers are ’still squeaky about whether they advised their customers correctly about the products they were buying’

Although July marks the one-year anniversary of the FCA’s business interruption (BI) insurance test case hearing, the impact of the resulting High Court and Supreme Court judgments on the insurance industry is still ongoing. For example, litigation involving brokers is “inevitable”, according to Sedgwick’s Damian Glynn, director and head of financial lines, UK.

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