Supreme Court BI ruling acts as ‘rude awakening’ for insurers

humiliation hands point

The ruling following the test case appeal at the Supreme Court will see insurers pay claims to businesses, as well as review policy wordings - but how have insurers reacted to the decision?

Last week’s ruling from the Supreme Court on the business interruption (BI) insurance test case is a ”a rude awakening for both insurers and [the] broking fraternity” as judges dismissed insurers’ appeals to favour the FCA’s arguments in support of claims payouts for businesses that have been financially affected by the coronavirus pandemic. 

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