Brokers welcome momentum for FCA BI test case
Pressure groups take different paths over whether to suspend their own legal proceedings while regulator's case goes forward as it is revealed three broker wordings from Pound Gates, Marsh and Gallagher will be assessed.
Brokers named in the Financial Conduct Authority (FCA) business interruption test case and brokers supporting clients fighting for pay outs amid the coronavirus pandemic have welcomed recent update on the proceedings.
On the 1 June, the Financial Conduct Authority revealed the eight insurers and the 17 wordings that will be highlighted as part of the legal action.
Brokers
Three broker-led policy wordings are set to be examined as part of the case.
These are the Marsh/Jelf Material Damage and
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