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UK industry braces for BI test case judgment

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The judgment on the UK’s COVID-19 business interruption test case should be handed down tomorrow.

UK High Court hearings were held over eight days in July, ending with submissions made by the Financial Conduct Authority (FCA), Hospitality Insurance Group Action, Hiscox Action Group and eight insurers who agreed to be part of the case.

The insurers involved are QBE, Arch, Argenta Syndicate Management, Ecclesiastical Insurance Office, Hiscox, MS Amlin, RSA and Zurich.

The court will also decide whether an appeal will be allowed.

As previously reported, the Australian test case will be heard by the NSW Court of Appeal on October 2. understands that only one day has been set aside for the hearing.