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ABI’s Huw Evans says BI test case appeal is ‘unsurprising’

By 2020-10-09T07:00:00

Discount rate change

The association’s director general believes the resulting judgment ‘could impact insurance for the next decade’

The ABI’s director general Huw Evans has labelled the confirmed appeal process arising from the FCA’s test case judgment on the interpretation of business interruption (BI) policy wordings when applied to Covid-19-related claims as “unsurprising”, adding that the ruling “could impact insurance for the next decade”.

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