Judges were asked to set the parameters for valid claims from various policies following a test case brought by the Financial Conduct Authority with the support of eight insurance companies last summer., was widely seen as supportive for the bulk of the estimated 370,000 companies said to be affected by the dispute.Sept: Small firms welcome insurance ruling
A broad range of firms including pubs, cafes, wedding planners and beauty parlours argued they faced ruin when they were turned down by insurers for business interruption policy claims on losses caused by the first nationalReasons for turning down payouts by insurers included that policies demanded there be local cases in any outbreak situation.