This time the insurance industry lost after reading the small print

The FCA won a significant legal victory on insurance payouts to small firms hit by Covid-19

When can one say a notifiable disease has occurred within a “vicinity” if the whole country is in lockdown? For fans of dense legal disputes, the high court’s judgment in the big Covid-19 business interruption insurance case offered hours of rhetorical fun. For non-fans, here’s a summary: the insurance industry quibbled over the small print in policies and thus reinforced every damning caricature of its way of working.

Not in every case, to be clear. As might be expected when the court was considering 21 sample wordings in policies, there were differences and nuances; individual firms even won on a few examples. But, taken as whole, the industry looks grubby.

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