UK BI test case ruling could have far-reaching ramifications

Ratings agency Fitch has determined that the ratings of UK non-life insurers are likely to be unaffected by the Supreme Court ruling on the validity of business interruption (BI) claims related to COVID-19 pandemic, but warned of "far-reaching ramifications" for insurers who have relied on the 2010 ruling for the past ten years.

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Fitch, Insurance, Reinsurance, Non-life insurance, Supreme Court, Business Interruption, Claims, COVID-19, UK

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