Insurers Attempt to 'Leapfrog' U.K. COVID-19 Case Decision
Insurers want to take their pandemic coverage dispute directly to the U.K. Supreme Court if they can’t reach a deal with regulators.
(Bloomberg) — RSA Insurance Group Plc and other insurers will try to take a dispute over COVID-19 payouts directly to the U.K. Supreme Court if they can’t reach a deal with regulators.
Several insurance firms and U.K. regulators filed applications to “leapfrog” the case to the Supreme Court. The U.K.’s Financial Conduct Authority said it’s working closely with the eight insurers that participated in the test case to reach an agreement on a range of issues so the appeal wouldn’t be required.
This premium content is locked for
Insurance Coverage Law Center subscribers only.
Start a free trial to enjoy unlimited access to the single source of objective legal analysis, practical insights, and news for the insurance industry.
- Access the most current expert analysis and daily developments across jurisdictions
- Solve complex research issues with expert tools and intelligence
- Tap into insurance coverage expert guidance
Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.