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Insurers say the worse the virus, the worse the cover, FCA lawyer tells UK's top court

By Fiona Maxwell ( November 17, 2020, 16:41 GMT | Insight) -- Insurance companies refusing to pay out to businesses in the UK that suffered losses due to the Covid-19 pandemic and the related government-enforced lockdown cannot use the excuse that no cover exists because of the widespread nature of the emergency, the UK’s Financial Conduct Authority argued at the UK's highest court today on the second day of hearings in an appeal by insurers against a lower court ruling in September.Insurance companies refusing to pay out to businesses in the UK that suffered losses due to the Covid-19 pandemic and the related government-enforced lockdown cannot use the excuse that no cover exists because of the widespread nature of the emergency....

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