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Supreme Court ruling on Covid-19 boosts business claims, ‘catastrophic’ for insurers

The regulator had brought the case to court to provide clarity on the wording of business interruption insurance policies

The Supreme Court's 15 January ruling, in favour of the Financial Conduct Authority and small businesses, says that businesses should be insured for some of the coronavirus-related losses suffered
The Supreme Court's 15 January ruling, in favour of the Financial Conduct Authority and small businesses, says that businesses should be insured for some of the coronavirus-related losses suffered Photo: Getty Images

The Supreme Court's ruling on business claims due to forced closure during the country's lockdowns means insurers can no longer avoid payouts.

The court's 15 January ruling, in favour of the Financial Conduct Authority and small businesses, says that businesses should be insured for some of the coronavirus-related losses suffered.

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