May 7, 2020 / 1:10 PM / a month ago

UK watchdog eyes July for business interruption insurance court date-policyholder

LONDON, May 7 (Reuters) - Britain’s Financial Conduct Authority is looking to get business interruption insurance policies examined by a court as soon as July, Daniel Duckett, a member of the Hiscox Action Group of policyholders, said on Thursday.

The action group, which is seeking to sue Hiscox over allegations that legitimate business interruption claims have been rejected during the coronavirus pandemic, held a discussion with the FCA this week, Duckett said.

The FCA said last week it was seeking clarity from the courts about whether some business interruption policies should provide cover as a result of the pandemic, after policyholders complained their claims were denied.

The FCA did not have an immediate response to a request for comment.

Writing by Carolyn Cohn, editing by Kirstin Ridley

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