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Hiscox action group seeks to intervene in UK FCA's Covid-19 cover test case

( June 24, 2020, 11:11 GMT | Official Statement) -- MLex Summary: A group of businesses challenging insurance giant Hiscox for its refusal to make Covid-19 business-interruption policy payouts is looking to intervene in a test case being brought by the UK regulator. In a statement today, the group's law firm Mishcon de Reya said the case being brought by the Financial Conduct Authority — which seeks to determine whether business-interruption insurance cover could be triggered by revenue losses due to the pandemic — contains no representation from Hiscox action group policyholders and "there is concern that the weaknesses of Hiscox's position might lose visibility."The statement follows...

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