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UK regulator, insurers, set for November court battle over COVID-19 case

UK regulator, insurers, set for November court battle over COVID-19 case

KIRSTIN RIDLEY and CAROLYN COHN THE UK Supreme Court will hear an appeal on November 16 of the Financial Conduct Authority's (FCA) test case over which insurance companies should offer payouts to small businesses battered by the coronavirus pandemic. The hearing is expected to last four days, the court said in a statement. Small businesses – from cafes and wedding planners to events businesses – have said they faced ruin after attempts to claim compensation for business losses during the pandemic, which prompted a three-month national lockdown in March followed by other restrictive measures, were rejected by insurers. The FCA,…
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