Insurers Are Using Counter-Intuitive Arguments to Escape COVID Liabilities, UK Regulator Tells Court

Insurers are trying to escape liability for pandemic-related business losses with counter-intuitive arguments that go against the essential purpose of insurance, Britain’s markets watchdog told the UK Supreme Court on Tuesday. A lawyer for the Financial Conduct Authority (FCA), which …

from News – Insurance Journal https://ift.tt/2IH809b