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Hiscox cover doesn’t include pandemics as they aren’t ‘incidents’, judges told in FCA test case

Hiscox cover doesn’t include pandemics as they aren’t ‘incidents’, judges told in FCA test case
Published on: 28 July 2020
Published by: MLex
  • Hiscox cover doesn’t include pandemics as they aren’t ‘incidents’, judges told in FCA test case
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Article summary

MLex: Business interruption insurance coverage for an ‘incident’ or ‘occurrence’ can not stretch to pandemics as they are not one-off events, Hiscox argued in the ongoing High Court test case between insurers and the Financial Conduct Authority (FCA) over cover for coronavirus (COVID-19) business interruption losses. Hiscox, a defendant alongside seven other insurance companies, also argued that cover did not apply as owners could access their premises, even if they could not use them. or take a trial to read the full analysis.

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