On September 15, 2020, London's High Court has handed down its judgment in the Financial Conduct Authority's (FCA) business-interruption insurance coverage test case, finding in favor of the policyholders on the majority of critical issues. (Photo: Shutterstock)
Global insurer QBE announced that it is planning to appeal the U.K test case judgment on whether business interruption policies should cover losses related to the COVID-19 pandemic. The judgment would expose QBE to around $170 million in additional claims.
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