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Firms may miss out on Covid payouts despite court ruling

Feb 01, 2021 - The Daily Telegraph (London)

HUNDREDS of thousands of firms will be left without Covid business interruption payouts or face further disputes despite the Financial Conduct Authority's victory over insurers in a landmark Supreme Court case.

The regulator won almost all of the points appealed to the UK's highest court this month in a test case taken on behalf of an estimated 370,000 firms that lost business due to the pandemic.

Aaron Le Marquer, an insurance partner at Fenchurch Law, said the decision was "touted ...